Chinese e-commerce firm raises $3.87b in HK secondary listing

Photo: Reuters

Chinese e-commerce retailer has priced its shares at HK$226 ($29.16) each and raised about $3.87 billion in its Hong Kong secondary listing, according to two people with direct knowledge of the matter.

The float, the biggest in the city this year, comes as Chinese companies are putting off plans for U.S. listings as tensions between the world’s top two economies rise, while those listed in New York are seeking to return to exchanges closer to home.

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