Alibaba stocks rose on its HKEX debut

November 27, 2019 | Investment

Written by FinTech Alliance

Alibaba stocks rose on its HKEX debut

Shares in Alibaba jumped as it debuted on the Hong Kong Stock Exchange.

In Brief:

  • The company’s listing was the largest of the year so far.

  • 500mn ordinary shares were issued at around US$22.5 per share.

  • The shares had risen by 8% and were still up 6.5% as the market closed.

What does this mean?

Stock in the ecommerce giant has been snapped up. The company was already listed on the NYSE, with its entry to the Hong Kong exchange a secondary listing made possible by relaxed rules. The secondary listing raised more than $11bn.

Read more here.

 

More in Investment

Dublin FinTech secures €700,000
Investment
March 23, 2020

Dublin FinTech secures €700,000

Dublin-based FinTech My Money Jar has secured €700,000 from investors. In Brief: Th...

Scotland’s technology venture capital investment hits £200mn
Investment
March 20, 2020

Scotland’s technology venture capital investment hits £200mn

Tech Nation’s 2020 report has found venture capital investment in technology is on the rise....

Judopay partners with Evarvest
Investment
March 05, 2020

Judopay partners with Evarvest

Judopay has partnered with Lithuanian startup Evarvest. In Brief: Evarvest is a Lithuani...

Investment
December 20, 2019

AI: Built to Scale

Scaling to new heights of competitiveness Nine out of ten C-suite executives in the UK believe...

Investment
October 14, 2019

Trends in foreign direct investment in the UK’s towns - EY Attractiveness Survey UK

Our regional UK Attractiveness Survey report, in association with the Centre For Towns, reveals the...

Investment
September 17, 2019

BSG: Impact at a local level of full-fibre and 5G investments

The Broadband Stakeholder Group publishes research by Oxera to help local authorities understand the...

There are no Events in this category