How much did Alibaba raise from its Hong Kong secondary listing shares?

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Alibaba Raised an Additional HK$13.17 Billion Through Over-Allotment Option in Hong Kong Listing

Alibaba Group has successfully raised an additional HK$13.17 billion, equivalent to RM7 billion, by exercising the over-allotment option for its Hong Kong secondary listing. This move follows the initial fundraising of up to US$12.9 billion that Alibaba secured on November 20. The company received formal approval for the listing of these 75 million over-allotment shares at a price of HK$176 per share, maintaining the same offering price as its initial secondary listing.
Additional Funds Secured Through Over-Allotment

The exercise of the over-allotment option, also known as a greenshoe option, allowed Alibaba to issue an additional 75 million shares. These shares were offered at HK$176 each, the same price point established during the initial phase of the secondary listing. This mechanism is commonly used by companies to stabilise share prices post-listing and to accommodate higher-than-expected demand.
Landmark Hong Kong Secondary Listing

This additional capital injection comes shortly after Alibaba's significant primary fundraising event. On November 20, the e-commerce giant had already raised a substantial amount, up to US$12.9 billion, through its landmark secondary listing in Hong Kong. This initial offering was a notable event, being the largest share sale in the city in nine years.
Global Significance of the Listing

The November listing was not only a major event for Hong Kong's stock exchange but also set a global record. It represented the largest cross-border secondary share sale worldwide. The subsequent exercise of the over-allotment option further underscores the strong investor interest and the success of Alibaba's strategy to tap into the Hong Kong capital market.

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How much did Alibaba raise from its Hong Kong secondary listing shares?

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