Alibaba (09988.HK) announced that all conditions set forth in the placement agreement have been satisfied, and the placement of new shares, previously disclosed under the general authorization, was completed on August 26, 2026. The company placed 710 million shares at HK$112.7 per share to at least six placing recipients, representing approximately 3.57% of the total issued shares after completion. The total proceeds amounted to approximately HK$80 billion, with net proceeds of approximately HK$79.7 billion.
Alibaba completes the placement of 710 million new shares at HKD 112.07 each
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Summary
Alibaba (09988.HK) confirmed on August 26, 2026, that it has completed a share placement of 710 million new shares at HKD 112.07 each. The transaction involved at least six allottees and represented 3.57% of the total issued shares after issuance. The offering generated gross proceeds of HKD 800 billion and net proceeds of HKD 797 billion. On-chain data continues to show strong capital flows in major markets, with key altcoins gaining momentum amid broader market shifts.
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