Alibaba prices HK$80 billion share placement in Hong Kong
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Alibaba Group Announced Pricing of HK$80 Billion Placing of New Shares in Hong Kong
August 23, 2026 12:12 PM EDTHONG KONG--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), Alibaba, Alibaba Group or the Company) today announced the pricing of its HK$80 billion placing of 710,000,000 newly issued ordinary shares of the Company (the Placement Shares) to non-U.S. persons outside the United States, at a placing price of HK$112.70 per Placement Share (the Equity Placement). The Equity Placement is expected to close on August 26, 2026, subject to customary closing conditions.
The Equity Placement is being undertaken to extend the Companys global AI leadership. Alibaba intends to use 100% of the net proceeds from the Equity... More
