Alibaba raises another $1.7b in over-allotted shares in Hong Kong listing

Alibaba raises another $1.7b in over-allotted shares in Hong Kong listing

REUTERS/Aly Song

Chinese e-commerce giant Alibaba said on Tuesday it has raised an additional HK$13.17 billion ($1.68 billion) by exercising the over-allotment option in its Hong Kong secondary listing.

The company has received approval to list 75 million over-allotment shares at HK$176 per share, the same price it offered under its secondary listing, it said in a filing to the Hong Kong stock exchange.

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