Alibaba has priced a placement of 710 million new Hong Kong-listed shares at HK$112.70 each, raising HK$80 billion (US$10.21 billion). The transaction is ...
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Alibaba Group (BABA) priced an HK$80B ($10.3B) equity placement of 710M newly issued ordinary shares at HK$112.70 per share.
Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.
Also in this newsletter: Alibaba announces $10.2bn share placement and Anthropic's best AI model struggles to attract users ...
A deal by the Chinese e-commerce and cloud computing giant would mark the largest-ever primary follow-on offering by a Hong Kong-listed company.
"I planned to move most of it back after a month or two. No longer," Burry said in a post on Substack.
Michael Burry swaps Alibaba (BABA) for a big JD.com (JD) stake over share issuance concerns, saying BABA must drop ~50% to buy.
The pending placement covers 710 million new shares at HK$112.70 each; closing is expected Aug. 26, with 100% of net proceeds intended for AI.
US stock indexes ended the week higher lower as rising oil prices fueled inflation concerns and investors weighed U.S. Treasury borrowing plans.
Alibaba Group Holding (BABA) seeks to raise about $10 billion in a share sale. The Chinese e-commerce and cloud computing giant said it will channel 100% of net proceeds into full-stack AI capabilities. Alibaba Wants to Enter the AI Race Alibaba is ...