November 20, 2019 / 10:15 AM / 23 days ago

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

FILE PHOTO: A logo of Alibaba Group is seen at the company's headquarters in Hangzhou, Zhejiang province, China, November 18, 2019. REUTERS/Aly Song

(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.

Reporting by Scott Murdoch; Editing by Mark Potter

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below