Alibaba said on Friday it is placing new shares with non-U.S. persons outside the United States, with the deal size set at HK$80 billion. According to Cailian Press, the offering has already been oversubscribed. Demand was reported to be particularly strong from sovereign wealth funds and other high-quality, long-term investors with bullish positioning. The update was carried by Odaily in a brief newsflash, citing Cailian Press for the subscription details. No further breakdown on allocation, pricing, or the number of shares was disclosed in the source material.
Alibaba said it is placing new shares with non-U.S. persons outside the United States, with the total offering amount set at HK$80 billion.
According to Cailian Press, the placement has already been oversubscribed. Demand from sovereign wealth funds and other high-quality, long-term bullish investors was described as strong.
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