Alibaba could raise up to $12.9b in Hong Kong listing

Alibaba could raise up to $12.9b in Hong Kong listing

REUTERS/Aly Song

Chinese e-commerce giant Alibaba will raise up to $12.9 billion (£9.98 billion) in its Hong Kong secondary listing, pricing its shares at a 2.8% discount to their last closing price in New York, two sources with direct knowledge of the matter said.

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