Chinese e-commerce giant, Alibaba has listed 500,000,000 worldwide shares at the Hong Kong stock exchange. Tagged the biggest listing for 2019, reports have said the company could make up to HK$100 billion ($12.86 billion).
The 500,000,000 ordinary shares Global Offering comprises of 12,500,000 public retail offerings and 487,500,000 global subscriptions.
Jasper Lawler, the Head of Research at London Capital Group said, “The advantage for Alibaba is twofold, it can diversify its shareholder base during the US-China trade war and it can command a high price in part because investors in Hong Kong are clamoring for something positive amid the protests.”

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