Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Alibaba Given Green Light to Sell an Additional 75 Million Shares for $1.68 billion

By Ding Yi / Dec 04, 2019 04:36 PM / Business & Tech

Photo: VCG

Photo: VCG

Alibaba has been given the nod to raise an additional HK$13.17 billion ($1.68 billion) by fully exercising an over-allotment option after its landmark listing in Hong Kong last month, the company said in a notice filed to the Hong Kong Stock Exchange on Tuesday.

The Chinese e-commerce giant has been approved to sell 75 million over-allotment shares at HK$176 per share, the same price it offered earlier under its secondary listing in Hong Kong, according to the notice.

The listing and trading of the shares, which represents 15% of the total shares offered under the initial global offering before any exercise of the over-allotment option, is set to begin Dec. 6, the company said.

Alibaba’s Hong Kong-listed shares dropped 0.78% to HK$191.1 by 10.30 a.m. Wednesday.

Contact reporter Ding Yi (

Related: Paul Chan: Despite Unrest, Hong Kong’s Financial Market Hits New Milestone

Share this article
Open WeChat and scan the QR code