Chinese e-commerce giant Alibaba’s shares
jumped 6.6% in their debut on the Hong Kong
stock exchange on Tuesday, an auspicious start
at a time when the former British colony is
reeling from political unrest.
Alibaba closed at 187.60 Hong Kong dollars
($23.96) per share after trading as high as
189.50 Hong Kong dollars. Its offering price was
176 Hong Kong dollars.
The company’s shares already are listed in New
York, where its 2014 IPO set a record at $25 billion.
darren dugan
(Darren Dugan)
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