Alibaba Hopes to Raise USD180 a Share in Hong Kong Listing
Liao Shumin
DATE:  Nov 13 2019
/ SOURCE:  yicai
Alibaba Hopes to Raise USD180 a Share in Hong Kong Listing Alibaba Hopes to Raise USD180 a Share in Hong Kong Listing

(Yicai Global) Nov. 13 -- Chinese e-commerce giant Alibaba[NYSE: BABA] hopes to pick up HKD1,400 (USD180) per ordinary share in its Hong Kong secondary listing when it finalizes the price next week, Securities Times cited an insider as saying.

The Hangzhou-based firm, already listed in New York, is already in talks with institutional investors in the Chinese special administrative region, who hope to pick up a 5 percent discount on Alibaba's New York share price, the report added.

Alibaba got shareholder approval for a one-to-eight stock split earlier this year, so the actual price of Hong Kong-listed shares could be around HKD176.

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Keywords:   Alibaba,IPO,Hong Kong