xinhua silk road logo xinhua silk road logo
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

maritime silk road search
Company

Alibaba announces pricing of global offering

November 21, 2019


Abstract : Chinese e-commerce giant Alibaba Group Holding Ltd. announced Wednesday the pricing of the global offering of 500 million ordinary shares.

HANGZHOU, Nov. 20 (Xinhua) -- Chinese e-commerce giant Alibaba Group Holding Ltd. announced Wednesday the pricing of the global offering of 500 million ordinary shares.

The final offer price for the global offering, which comprises an international offering and a Hong Kong public offering, has been set at 176 Hong Kong dollars (about 22.49 U.S. dollars) per share.

Subject to approval from the Stock Exchange of Hong Kong Limited (SEHK), the shares are expected to begin trading on the main board of the SEHK on Nov. 26, 2019 under the stock code "9988."

Alibaba plans to use the proceeds from the global offering for the implementation of its strategies to drive user growth and engagement, empower businesses to facilitate digital transformation, and continue to innovate and invest for the long term, according to the company.

Scan the QR code and push it to your mobile phone

Keyword: Alibaba IPO

Reading:

The 11/11 phenomenon, a lesson for those who focus on e-commerce

Chinese entrepreneurs enter global management thinkers' ranking

China greenlights two IPOs on sci-tech innovation board

China Mobile and Digital China join hands to promote digitalization

Economic Watch: Shifting trends behind China's record shopping spree

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial