November 13 - 11:11
30D
Alibaba set for record-breaking share sale
Chinese e-commerce behemoth Alibaba Group is poised to break records with its Hong Kong share sale. The sale could raise a reported $15bn as soon as Thursday. The listing could be seen as a boost for Hong Kong, which has slipped into its first recession in over a decade, as violent street protests continue. If the sale goes ahead it would be the world’s biggest cross-border secondary listing.
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