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Alibaba Group
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Business
business · The Next Web
Alibaba Group is issuing HK$80bn, about $10.2bn, of new shares in Hong Kong, with all net proceeds earmarked for AI infrastructure and capabilities.
“Alibaba is placing HK$80bn, about $10.2bn, of new shares in Hong Kong and says 100% of net proceeds will fund its full stack AI capabilities including infrastructure.”
80 HK$
10.2 USD
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business · The Next Web
Alibaba Group claims its offering is the largest primary follow‑on ever by a Hong Kong‑listed company and the biggest Regulation S equity offering on record.
“Alibaba calls it the largest primary follow‑on offering ever by a Hong Kong‑listed company, and the biggest Regulation S equity offering on record.”
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