Alibaba's New Share Placement Receives Nearly 3 Times Oversubscription, Sovereign and Long-term Funds Account for Over 40%
By: www.cnstock.com|2026/08/24 06:32:52
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Alibaba has completed the pricing of its new share placement at HKD 80 billion, with the net proceeds being 100% allocated to investing in full-stack AI capabilities to enhance AI infrastructure development. This placement received nearly 3 times oversubscription, exceeding HKD 200 billion. Sovereign and long-term funds accounted for over 40% of the final subscription, reflecting a strong response and high order quality. Major sovereign funds from the Middle East, Europe, and Asia actively participated in this subscription.
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