Alibaba Group Holding Ltd. stopped collecting orders early for its roughly $13 billion Hong Kong stock sale due to strong investor demand for its shares, according to people familiar with the matter.
The Chinese e-commerce giant closed the books on the institutional portion of the sale at noon EST on Tuesday instead of 4 p.m. during the New York day, the people said. Institutional investors in Asia could submit orders for the offering until 4 p.m. Hong Kong time Tuesday, while investors in Europe could do so until 4 p.m....
Business - Latest - Google News
November 20, 2019 at 04:54AM
https://ift.tt/2qqpgH0
Alibaba’s $13 Billion Hong Kong Share Sale Oversubscribed - The Wall Street Journal
Business - Latest - Google News
https://ift.tt/2Rx7A4Y
Bagikan Berita Ini
0 Response to "Alibaba’s $13 Billion Hong Kong Share Sale Oversubscribed - The Wall Street Journal"
Post a Comment