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Banks Will Get Just a Sliver of Alibaba's $11.2 Billion Share Sale

Newsmax Friday, 22 November 2019
Alibaba Group Holding Ltd.'s $11.2 billion Hong Kong share sale may be set to swell the tech giant's cash pile but the banks are getting just a tiny percentage of that.
Credit: Reuters Studio - Published < > Embed
News video: Alibaba raises up to $12.9 bln in HK listing

Alibaba raises up to $12.9 bln in HK listing 01:09

Chinese e-commerce giant Alibaba Group raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in nine years. David Pollard reports.

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