Friday, September 22, 2023

Alibaba gears up to raise $13 billion in Hong Kong Share Sale

By ET Bureau - November 14, 2019 1 Mins Read


Alibaba is looking forward to raising $13 billion by launching the Hong Kong listing fund. The secondary listing in Hong Kong is likely to take place in the last week of November, reports Reuters.

Alibaba will issue 500 million new ordinary shares plus 75 million “greenshoe” options. The company plans to use the money to invest in online delivery platform and online travel group Fliggy.

Check Out The New Enterprisetalk Podcast. For more such updates follow us on Google News Enterprisetalk News.


ET Bureau

The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.

Subscribe To Newsletter

*By clicking on the Submit button, you are agreeing with the Privacy Policy with Enterprise Talks.*