The firm, which is as of now exchanged within the US, raised around $11.3bn (£8.8bn) in its auxiliary listing. At the dispatch, Chairman Daniel Zhang cheered Alibaba’s return to Hong Kong. The move is seen as a boost for the city in the midst of fears long-running dissents have discolored its notoriety as a money related hub. In opening moves on Hong Kong’s Hang Seng List on Tuesday, Alibaba’s stock bounced more than 6%. The company was met with solid craving for its offers, estimated at HK$176 each.
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