{"id":149004,"date":"2026-08-24T02:29:10","date_gmt":"2026-08-24T02:29:10","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/149004\/"},"modified":"2026-08-24T02:29:10","modified_gmt":"2026-08-24T02:29:10","slug":"alibaba-sets-price-in-us10-2b-billion-new-share-offer-drops-10-on-market-open","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/149004\/","title":{"rendered":"Alibaba sets price in US$10.2b billion new share offer, drops 10% on market open"},"content":{"rendered":"<p>Alibaba Group Holding has set the offer price for its new share placement at HK$112.70 each <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3364957\/alibaba-issue-hk80-billion-new-shares-global-ai-push?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">to raise HK$80 billion (US$10.2 billion)<\/a>, issuing 710 million shares in one of the largest artificial intelligence-dedicated fundraising efforts by a Chinese technology firm.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The price represented an 8.4 per cent discount to the stock\u2019s closing price in Hong Kong on Friday and a 3.6 per cent discount to the Friday closing price of its New York-listed shares, the company said in a stock exchange filing on Monday. Alibaba is the owner of the South China Morning Post.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The 710 million newly issued shares represented around 3.7 per cent of the company\u2019s 19.17 billion total outstanding shares.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Shares of the Chinese e-commerce and cloud computing giant fell more than 10 per cent after the market opened.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The Chinese e-commerce and AI giant announced the new share sale on Sunday, pledging to spend the entire HK$80 billion in proceeds to \u201cinvest in its full-stack AI capabilities\u201d and \u201cextend the company\u2019s global AI leadership\u201d.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Several banks had received pre-launch expressions of interest \u2013 in excess of the deal size \u2013 \u201con the back of strong interest received from sovereign wealth funds and global long-only investors\u201d, a person familiar with the matter said.<\/p>\n","protected":false},"excerpt":{"rendered":"Alibaba Group Holding has set the offer price for its new share placement at HK$112.70 each to raise&hellip;\n","protected":false},"author":2,"featured_media":149005,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,2818,25,935,425,5329,2700,3423,1414,69372],"class_list":["post-149004","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ai","tag-ai","tag-alibaba-group-holding","tag-artificial-intelligence","tag-chinese","tag-cloud-computing","tag-e-commerce","tag-hong-kong","tag-new-york","tag-south-china-morning-post","tag-stock-exchange"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/149004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=149004"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/149004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/149005"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=149004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=149004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=149004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}