On November 14, according to a person familiar with the matter, Alibaba, which plans to go public for the second time in Hong Kong, opened an international roadshow on Wednesday, November 13. The roadshow will last until November 19, and the Hong Kong public offering will last from November 15 to 20.
It is reported that Alibaba initially issued 500 million ordinary shares, accounting for 2.3% of the expanded share capital. In addition, it can issue up to 75 million additional over allotment shares, which is expected to be priced as early as November 20. It was officially listed on the main board of Hong Kong stock on November 26, stock code 9988.hk. Some market analysts said that after Alibaba returned to Hong Kong stocks or replaced Tencent, it became the king of new Hong Kong stocks.