Alibaba’s HK$88bn IPO a shot in the arm for HKEX
![HKEX_flag_230px](https://assets.euromoneydigital.com/dims4/default/88dfe19/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fc2%2Fbb%2F2687101f5d9a3e4810a6f68533d7%2Fhkex-flag-230px.png)
Alibaba Group Holding pulled off the year’s largest IPO this week, raising HK$88bn ($11.2bn) from its Hong Kong secondary listing. The company has given the stock exchange a much needed boost in morale, while signalling to other foreign-listed Chinese companies that they can come home. Jonathan Breen reports.
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