Sihai network

Ali's return to the Hong Kong stock exchange plans to issue 500 million new ordinary shares

original title: confirm! Ali returns to the Hong Kong stock exchange for listing!

On the evening of November 13, Alibaba submitted a preliminary offering document on the website of the stock exchange of Hong Kong to officially confirm the Hong Kong IPO.

It is disclosed that Alibaba Group plans to issue 500 million new ordinary shares through a global offering and be listed on the main board of the stock exchange of Hong Kong. This offering includes 500 million ordinary shares and an over allotment of up to 75000000 additional ordinary shares. It is expected to be priced as early as November 20, Hong Kong time.

It is worth mentioning that Alibaba's listing in Hong Kong is a secondary listing, so it does not need to disclose the prospectus on the Hong Kong stock exchange. As long as Alibaba passes the listing hearing of the Hong Kong stock exchange, it can be listed on a selected date.

In 2007, Alibaba's B2B business was listed in Hong Kong. In 2012, Alibaba chose to delist from Hong Kong because the "same shares and same rights" rules of the Hong Kong stock exchange were inconsistent with Alibaba's management mode. In September 2014, Alibaba chose to IPO on the New York Stock Exchange, raising $25 billion, setting the largest IPO record in history.

In view of the re listing in Hong Kong, Alibaba made comments on the upstream News & middot; Chongqing business daily response: Thank you for your attention. Please pay attention to the public information disclosed on the website of the exchange. In addition, there is no other information to disclose. Thank you.