Alibaba prices Hong Kong listing and looks to raise up to $13.8 billion Tech Companies

Alibaba announced pricing of shares for its upcoming secondary listing in Hong Kong in which it could raise up to $13.8 billion. The Chinese e-commerce giant will issue 500 million new ordinary shares plus 75 million “greenshoe” options. These give the underwriting banks the ability to sell more shares than the original amount set. Of […]