November 20, 2019 / 10:29 AM / 16 days ago

Alibaba prices Hong Kong share offer at HK$176/share, raising $12.9 billion

(Reuters) - Alibaba has priced its shares at HK$176 each for institutional and retail investors in its Hong Kong listing, according to a statement from the company.

The Chinese e-commerce giant has confirmed the deal for 500 million shares, which will raise up to $12.9 billion (£10 billion).

Reporting by Scott Murdoch; Editing by Mark Potter

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