Alibaba is upgrading its Hong Kong listing to primary, and that could potentially unlock billions in new investmentAlibaba is upgrading its Hong Kong shares to a primary listing to attract mainland Chinese capital via Stock Connect.
Alibaba adds $8bn in value on first day mainland Chinese investors can directly trade its Hong Kong-listed sharesAlibaba's stock rose 4.2% after gaining access to mainland Chinese investors via the Stock Connect scheme, enhancing its market capitalization by $8 billion.
Alibaba is upgrading its Hong Kong listing to primary, and that could potentially unlock billions in new investmentAlibaba is upgrading its Hong Kong shares to a primary listing to attract mainland Chinese capital via Stock Connect.
Alibaba adds $8bn in value on first day mainland Chinese investors can directly trade its Hong Kong-listed sharesAlibaba's stock rose 4.2% after gaining access to mainland Chinese investors via the Stock Connect scheme, enhancing its market capitalization by $8 billion.
Alibaba Group: Projected Double-Digit Growth and Positive Catalysts Justify Buy Rating and Increased Price Target - TipRanks.comAnalyst maintains Buy rating on Alibaba with increased price target.