Alibaba to price shares at HK$176 in $12.9 billion Hong Kong listing - sources
Share:
HONG KONG (Reuters) - Chinese e-commerce giant Alibaba will raise up to $12.9 billion in its Hong Kong secondary listing and is set to price its shares at HK$176 each, a 2.8% discount to their New York share price, sources with direct knowledge of the matter said.At that price the potentially record-breaking deal for a cross-border secondary listing would raise at least HK$88 billion ($11.3 billion), a symbolic total because the number 8 is associated with prosperity and good fortune in Chinese..