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Alibaba prices IPO at small discount, to raise HKD 88 billion

2019-11-20 12:17:00| Telecompaper Headlines

(Telecompaper) Alibaba Group has priced its stock offering on the Hong Kong exchange at HKD 176 per share, both for the retail and institutional parts of the offer. Based on the ratio of eight shares per ADS, this equals a price of USD 180 per ADS, a small discount on its recent trading price. 

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