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Alibaba's $13 Billion Hong Kong....>

HONG KONG STOCKS
HONG KONG STOCKS: Alibaba's $13 Billion Hong Kong Share Sale Already Multiple
Times Subscribed (WSJ)
- Alibaba Group Holding Ltd. BABA will stop collecting orders early for its
roughly $13 billion Hong Kong stock sale due to strong investor demand for its
shares, according to people familiar with the matter. The Chinese e-commerce
giant plans to close the books on the institutional portion of the sale at noon
EST on Tuesday instead of 4 p.m. during the New York day, the people said.
Institutional investors in Asia can submit orders for the offering until 4 p.m.
Hong Kong time Tuesday, while investors in Europe can do so until 4 p.m. London
time.
- Link: https://tinyurl.com/ulg3b7u
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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