Alibaba proposes HK$80 billion share placement to non-U.S. investors
BABA•Use of proceeds
Net proceeds are earmarked entirely for full-stack AI investment, with emphasis on expanding AI infrastructure.
Proposed share placement in Hong Kong
Alibaba announced a proposed placement of newly issued ordinary shares in Hong Kong for aggregate proceeds of HK$80 billion.
Shares will be sold only to non-U.S. persons outside the US in offshore transactions under Regulation S. The placement shares will not be registered under the US Securities Act or state securities laws.
