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Alibaba confirms huge Hong Kong IPO totalling up to $13 bn

Alibaba confirms huge Hong Kong IPO totalling up to $13 bn
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Beijing: Chinese online retail titan Alibaba confirmed on Wednesday that it could raise almost $13 billion in Hong Kong's biggest IPO for nearly a decade after pricing its shares for the mega sale. The company announced in a statement the pricing of 500 million shares at HK 176, with an option to add another 75 million shares.

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