Alibaba completes HK$80 billion unregistered Hong Kong share placement at HK$112.7 per share - BABA News | RalliesAlibaba completes HK$80 billion unregistered Hong Kong share placement at HK$112.7 per share
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BABA• Alibaba completes Hong Kong share placement
- Alibaba completed an HKD 80 billion placing of 710,000,000 newly issued ordinary shares in Hong Kong.
- Placement priced at HKD 112.7 per share, sold to non-U.S. persons outside the US in an unregistered offering.
- Net proceeds earmarked for AI investment, including global computing infrastructure expansion, hyperscale AI data centers, cloud upgrades.
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