Financial news
Written by: Xu Shihao
2019-12-04 09:35
Last updated: 2019-12-04 09:36Alibaba (9988) announced that the underwriters had fully exercised their over-allotment rights and over-sold 75 million shares at an offer price of RMB 176 per share and an additional net fundraising of RMB 13.17 billion.
Alibaba saw a minimum of 190 yuan this morning, the latest reported at 190.9 yuan, down 0.9%.
The group states that the relevant shares represent 15% of the initial available offer shares for the global offering, and the number of shares issued has increased to 21.462 billion shares. The over-allotment of shares will begin trading at 9 am this Friday (December 6).
After exercising the over-allotment option, Ali's listing in Hong Kong this time totaled 575 million shares, with a net fundraising of 100.723 billion yuan, becoming Hong Kong's third-largest new stock "fundraising king".
Alibaba's return to the 4 trillion yuan market value does not enter the HSI Hong Kong stock market.
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Alibaba
