Alibaba $10.2B placement hits HK shares: stock −8% to −10%; 100% of proceeds to AI (Tech)

Financedesk view

Alibaba $10.2B placement hits HK shares: stock −8% to −10%; 100% of proceeds to AI (Tech)

Alibaba announced on Aug 23 a placing of 710 million new shares at HK$112.70, raising about HK$80 billion (~US$10.2 billion) — one of Hong Kong's largest follow…

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AI/Techdesk view

Alibaba prices HK$80 billion placing; Hong Kong shares fall ~8–10% on Monday (Financing)

Alibaba announced on August 23 a placing of 710 million new shares to non-U.S. persons outside the United States at HK$112.70 each, raising about HK$80 billion …

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