Alibaba confirms huge Hong Kong IPO totalling up to USD 13 bn
- Country:
- China
Chinese online retail titan Alibaba confirmed on Wednesday that it could raise almost USD 13 billion in Hong Kong's biggest IPO for nearly a decade after pricing its shares for the mega sale.
The company announced in a statement the pricing of 500 million shares at HK$176, with an option to add another 75 million shares.
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