$BABA-SW (09988.HK)$ anyone knows what is happening with th...
$BABA-SW(09988.HK$ anyone knows what is happening with the primary listing of Alibaba in Hong Kong stock exchange?
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whqqq : Alibaba's initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX) took place on November 26, 2019. It was a secondary listing, as Alibaba had already gone public on the New York Stock Exchange in 2014. The Hong Kong listing was significant for several reasons:
It allowed Alibaba to raise additional capital for expansion and investment opportunities in the Asia-Pacific region.
The listing provided investors with another venue to invest in Alibaba, potentially expanding the company's shareholder base.
It was seen as a significant move for Hong Kong as it sought to maintain its position as a major financial center, particularly in light of the ongoing political unrest in the city.
The listing was also a win for China, which had been encouraging its tech giants to list on domestic stock exchanges rather than seeking listings overseas.
Overall, the HKEX listing was a significant event for both Alibaba and the Hong Kong financial market.
102180832 Mr VWAP : And you understand ? short prediction you made is expensively wrong