Alibaba gets over-allotment approval, raises extra $1.68bn
The company has received approval to list 75-million over-allotment shares at HK$176 a share
03 December 2019 - 16:56
Bengaluru — Chinese e-commerce giant Alibaba said on Tuesday that it has raised an additional HK$13.17bn ($1.68bn) by exercising the over-allotment option in its Hong Kong secondary listing.
The company has received approval to list 75-million over-allotment shares at HK$176 a share, the same price it offered under its secondary listing, it said in a filing to the Hong Kong stock exchange...
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