Alibaba proposes Hong Kong share placement worth $10 billion Sun, August 23, 2026 at 5:14 AM UTC 0 Aug 23 (Reuters) China&x27;s Alibaba announced on Sunday a proposed placement of new shares in Hong Kong. The aggregate placement consideration is HK$80 billion ($10.2 billion), the company added. Alibaba said the deal would mark the largestever primary followon offering by a Hong Konglisted company and the biggest Regulation S equity offering on record, while ranking as the world&x27;s thirdlargest primary followon share sale this year after Alphabet and Intel.
Alibaba proposes Hong Kong share placement worth $10 billion
Sun, August 23, 2026 at 5:14 AM UTC
0
Aug 23 (Reuters) - China's Alibaba announced on Sunday a proposed placement of new shares in Hong Kong.
The aggregate placement consideration is HK$80 billion ($10.2 billion), the company added.
Alibaba said the deal would mark the largest-ever primary follow-on offering by a Hong Kong-listed company and the biggest Regulation S equity offering on record, while ranking as the world's third-largest primary follow-on share sale this year after Alphabet and Intel.
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The company said it intends to use 100% of the net proceeds from the placement to invest in its full stack AI capabilities, including expanding and enhancing its AI infrastructure.
($1 = 7.8396 Hong Kong dollars)
(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by William Mallard and Raju Gopalakrishnan)
Source: "AOL Money"
Source: Money
Published: August 23, 2026 at 09:18AM on Source: MORNING MAG
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