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Shares of Alibaba surge for a second day, see nearly 10% gains from their list price @ 2019-11-27T20: 返回 熱門新聞
關鍵詞:Hong Kong
概念:
DANIEL ZHANG YONG, CHIEF EXECUTIVE OFFICER OF ALIBABA GROUP ATTENDS THE COMPANY"S STOCK TRADING DEBUT AT THE HONG KONG EXCHANGES AND CLEARING ON NOVEMBER 26, 2019. HE IS FLANKED BY BOARD MEMBER TUNG CHEE-HWA AND LAURA CHA SHIH MAY-LUNG, CHAIRWOMAN OF HKEX. PHOTO: SAM TSANG
ALIBABA HAD HOPED TO INITIALLY LIST IN HONG KONG, BUT EVENTUALLY CHOSE NEW YORK FOR ITS RECORD-BREAKING $25 BILLION INITIAL PUBLIC OFFERING IN 2014 AFTER ITS UNUSUAL GOVERNANCE STRUCTURE FAILED TO WIN ACCEPTANCE FROM HONG KONG REGULATORS.
MAINLAND CHINESE INSTITUTIONAL INVESTORS, LARGE FUND HOUSES AMONG FIRST-TIME BUYERS IN ALIBABA』S SECONDARY OFFERING IN HONG KONG
SHARES CLOSE AT HK$187.60 ON FIRST DAY OF TRADING IN HONG KONG, HANDING INVESTORS A 6.6 PER CENT GAIN OVER THE HK$176 OFFER PRICE
ALIBABA AIMS TO SELL 500 MILLION NEW SHARES, WITH 2.5 PER CENT SET ASIDE FOR HONG KONG PUBLIC, ACCORDING PLAN IN SEC FILING
BECOME AN FT SUBSCRIBER TO READ: ALIBABA PLANS $11BN HONG KONG LISTING ON SINGLES』 DAY
HONG KONG: ALIBABA GROUP’S HONG KONG SHARES MADE A POWERFUL DEBUT ON TUESDAY, BUYING AND SELLING 6.9% GREATER THAN THEIR CONCERN WORTH AND BARELY COSTLIER THAN COSTS IN NEW YORK METROPOLIS, AFTER MAKING THE MOST IMPORTANT SELL-OFF AVAILABLE IN THE MARKET. ACTIONS ON THIS PLANET THIS YR.
PAUSE FOR A MOMENT TO APPRECIATE THE IRONY OF A COMPANY SELLING US$11 BILLION OF SHARES TO THEN TURN AROUND AND BUY BACK SHARES. YET ALIBABA WILL BE LISTED ON TWO MAJOR BOURSES - HONG KONG AND NEW YORK. BY USING THE HONG KONG MONEY TO CUT THE NEW YORK FLOAT, ALIBABA CAN START TO SHIFT ITS INVESTOR BASE CLOSER TO HOME IN CHINA, WHICH WAS A KEY PURPOSE OF THIS OFFERING.
ALIBABA SHARES (HK:) (N:) OPENED ALMOST 7% HIGHER IN HONG KONG THAN THEIR ISSUE PRICE AND AT A SMALL PREMIUM TO PRICING IN NEW YORK. THE LISTING HAS BEEN SEEN AS A VOTE OF CONFIDENCE IN HONG KONG AFTER MONTHS OF ANTI-GOVERNMENT PROTESTS THAT HAVE ROCKED THE FORMER BRITISH COLONY.
ESR CAYMAN』S CO-FOUNDER AND CHIEF EXECUTIVE JEFFREY SHEN JINCHU (LEFT) AND CO-CHIEF EXECUTIVE STUART GIBSON (RIGHT) STRIKING THE CEREMONIAL GONG THAT MARKS THE TRADING DEBUT OF THE COMPANY』S SHARES ON THE HONG KONG STOCK EXCHANGE ON NOVEMBER 1. PHOTO: JONATHAN WONG
SUCH A LARGE OFFERING FROM ALIBABA, POTENTIALLY THE BIGGEST FOLLOW-ON SHARE SALE IN SEVEN YEARS, ACCORDING TO REFINITIV DATA, COULD ALSO HAVE IMPLICATIONS ON LIQUIDITY IN HONG KONG’S FINANCIAL SYSTEM AND THE CLOSELY WATCHED HONG KONG INTERBANK OFFERED RATE (HIBOR). THIS IS PARTICULARLY THE CASE GIVEN THAT INVESTORS IN THE HONG KONG MARKET OFTEN BORROW FUNDS IN ANTICIPATION OF LARGE SHARE SALES.

 

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