Alibaba.com Initiates Trading In Hong Kong
B2B e-commerce company Alibaba.com Limited commenced trading today in Hong Kong. Alibaba.com's share price closed at HK$39.50, 192.6% higher than the Offer Price of HK$13.50. The offering raised HK$13.1 billion in gross proceeds before offering expenses, including proceeds from the Over-allotment Option which was exercised after the market closed, making it the largest Internet IPO in Asia and the second largest globally.
The debut of Alibaba's shares was witnessed by the company's management team, 18 founders and other guests at the listing ceremony.
"We are pleased to welcome investors from Hong Kong and around the world to... [end of article on ChinaTechNews]
"We are pleased to welcome investors from Hong Kong and around the world to... [end of article on ChinaTechNews]
Source : Chinatechnews
