On the morning of June 27, Alibaba's second visit to the Hong Kong Stock Exchange plans to raise $10 billion. Regarding the scale of this fundraising, Alibaba responded to the market news and declined to comment.
According to Alibaba's current market value of US$430 billion, the shares offered for this financing will account for approximately 2.3% of Ali's current stock. Alibaba will also become the largest fundraising in Hong Kong stocks in the past nine years after AIA's IPO in Hong Kong in October 2010. AIA raised HK$159 billion in Hong Kong at the time. (Source: Caixin)