Tag Archives: Alibaba shares surge more than 6% on Hong Kong debut

HONG KONG: Shares in Chinese online retail giant Alibaba soared more than six percent on their Hong Kong debut Tuesday, after raising at least $11 billion in the city´s biggest IPO in nearly a decade. Alibaba, which already is listed in the United States, had set the price for each share at HK$176, but the stock jumped 6.25 percent to …

HONG KONG: Shares in Chinese online retail giant Alibaba soared more than six percent on their Hong Kong debut Tuesday, after raising at least $11 billion in the city´s biggest IPO in nearly a decade. Alibaba, which already is listed in the United States, had set the price for each share at HK$176, but the stock jumped 6.25 percent to …