---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000865053.md"
description: "$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."
datetime: "2026-08-23T09:01:04.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000865053.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000865053.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000865053.md)
author: "[Cuterabbit](https://longbridge.com/en/profiles/19425568.md)"
generator: "portal-rs"
---

# $BABA-W(09988.HK)Ready for a very red Monday !On A…


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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**