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BABA-W Share Placement Total Order Demand Purportedly Hit USD28B, Nearly 3x Subscribed
2026-08-24 11:34:33 BABA-W (09988.HK) announced an HKD80 billion share placement plan, with all proceeds to be invested in enhancing its full-stack AI capabilities and strengthening AI infrastructure construction. As soon as the group launched the equity placement, order size quickly crossed USD10 billion, sources divulged. The placement closed within hours, with final total order demand whopping USD28 billion and subscription nearing 3x. Among the orders, sovereign funds and long-term funds accounted for nearly USD6 billion. ~ AASTOCKS Financial News Website: www.aastocks.com | |