Alibaba Completes HK$79.7 Billion Share Placement
Alibaba Group announced the completion of a placement of 710 million new shares at HK$112.70 each, raising gross proceeds of about HK$80 billion and net proceeds of approximately HK$79.7 billion. The placement, completed on August 26, 2026, represents about 3.57% of the company's enlarged share capital.
Alibaba Group announced that all conditions under the placement agreement have been satisfied, and the placement was completed on August 26, 2026. The company placed 710 million new shares at HK$112.70 per share to no fewer than six placees, representing approximately 3.57% of the enlarged issued share capital. Gross proceeds amounted to approximately HK$80 billion, with net proceeds of about HK$79.7 billion.