$BABA-W(09988.HK)Ready for a very red Monday !
On August 23, 2026, Alibaba Group announced a proposed HK$80 billion (US$10.2 billion) equity placement of newly issued ordinary shares in Hong Kong. This massive primary follow-on offering marks the largest-ever primary follow-on offering by a Hong Kong-listed company and ranks as the world’s third-largest primary follow-on share sale of 2026.
Alibaba is selling approximately 710 million ordinary shares priced at HK$112.70 per share.