Alibaba launches HK IPO, covered in hours despite local turmoil
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Alibaba launches HK IPO, covered in hours despite local turmoil

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Alibaba Group Holding has kicked off its up to $13.4bn Hong Kong IPO, set to be the largest listing on the bourse for nearly a decade. Bankers are confident the deal will be a success, but they are navigating challenging times in the city’s stock market, which plunged this week as violence during protests escalated. Jonathan Breen reports.

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