Sentiment: Positive
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Alibaba (BABA) Stock: $10.2 Billion Share Sale to Fund Full-Stack AI Push
By Trader Edge at 2026-09-27 20:32
Sentiment: Positive
TLDR Alibaba plans to raise HK$80 billion ($10.2 billion) through a Hong Kong share placement, the largest primary follow-on offering ever by a Hong Kong-listed company. The company will sell 710 million ordinary shares at HK$112.70 each, a 3.6% discount to the latest closing price. All net proceeds will go toward Alibaba’s “full stack” AI [...] The post Alibaba (BABA) Stock: $10.2 Billion Share Sale to Fund Full-Stack AI Push appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central