Alibaba will launch the Hong Kong public offering as part of the global offering on November 15, 2019 Hong Kong time. This issue will issue 500 million new ordinary shares, which is composed of 125 million new issued shares and 487.5 million new issued shares for international subscription. The company will be listed on the main board of the stock exchange of Hong Kong Limited under the stock code of 9988. The offering price will not be higher than HK $188 per offering share, and the international offering price will be determined on November 20, 2019 Hong Kong time.
It is expected that the shares will be formally traded at 9:00 a.m. on Tuesday, November 26, 2019. The ADSS of the groups common stock will continue to be listed on the NYSE, with each ADSS representing eight ordinary shares. After the completion of the Hong Kong listing, the Hong Kong listed shares of the group and the ADSS listed on the NYSE will be fully convertible.
Source: pingwest, editor in charge: Wang Fengzhi, nt2541