Alibaba prices HK$80 billion share placement in Hong Kong

Alibaba Group Holding Limited (NYSE: BABA) has priced a HK$80 billion equity placement of 710 million newly issued ordinary shares at HK$112.70 per share, according to a company statement.

The placement is being offered exclusively to non-U.S. persons outside the United States under Regulation S of the U.S. Securities Act of 1933. The transaction is expected to close on August 26, 2026, subject to customary closing conditions.

Alibaba said it intends to use 100% of the net proceeds to invest in its full-stack AI capabilities, including expanding and enhancing its AI infrastructure.

You May Also Be Interested In

• ADARx Pharmaceuticals files for proposed IPO
• XTEND AI ROBOTICS (XTND) files mixed shelf
• Alexander Dennis wins £57m Liverpool bus contract for 207 vehicles