Alibaba makes strong debut in Hong Kong market

Source: Xinhua| 2019-11-26 13:11:05|Editor: Wang Yamei
Video PlayerClose

HONG KONG, Nov. 26 (Xinhua) -- Chinese e-commerce giant Alibaba Group Holding Ltd. made a strong debut on the main board of Hong Kong stock exchange on Tuesday with shares jumping 6.88 percent in the morning session.

Shares started trading at 187 Hong Kong dollars in the morning, 6.25 percent higher than its initial public offering (IPO) price of 176 Hong Kong dollars. By midday close, Alibaba's share price went up to 188.1 Hong Kong dollars.

The Hangzhou-based group has issued 500 million shares plus an over-allotment option of 75 million additional new shares to raise up to 101.2 billion Hong Kong dollars through the IPO.

The IPO has made Alibaba the first overseas company to raise funds from the Hong Kong market through a secondary listing, which first debuted in New York in 2014.

It has also become another Hong Kong-listed company that has weighted voting rights structures, following smartphone maker Xiaomi and group buying website Meituan Dianping. (1 U.S. dollar equals to 7.83 Hong Kong dollars)

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011103261385842151
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
在线看片国产在线看片 | 亚洲欧洲国产码专区在线观看 | 亚洲日韩一区精品射精 | 亚洲乱码视频在线观看 | 亚洲欧美日本韩国综合区 | 亚洲国产精彩中文乱码AV |