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Alibaba raises further $1.7 billion in over-allotted shares in Hong Kong listing

FILE PHOTO: A logo of Alibaba Group is seen during Alibaba Group's 11.11 Singles' Day global
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(Reuters) - Chinese e-commerce giant Alibaba said on Tuesday it has raised an additional HK$13.17 billion (£1.31 billion) by exercising the over-allotment option in its Hong Kong secondary listing.The company said in a filing to the Hong Kong stock exchange it has received approval for the listing of 75 million over-allotment shares at HK$176 per share, the same price it offered under its..
Date Published: Dec 03, 2019
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