Alibaba plans HK$ 80 billion unregistered share placement in Hong Kong
BABA•Use of proceeds
Net proceeds are earmarked for full-stack AI investment, with a focus on expanding AI infrastructure.
Proposed Hong Kong share placement
Alibaba proposed a Hong Kong placing of newly issued ordinary shares for aggregate consideration of HKD 80 billion, subject to market conditions.
The shares will be sold only to non-U.S. persons outside the U.S. in offshore transactions under Regulation S. The offering will be unregistered under the U.S. Securities Act.
