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Alibaba confirms huge Hong Kong public listing

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Chinese technology giant Alibaba confirmed Friday its plans to list on the Hong Kong stock exchange, in an initial public listing aiming to raise up to $13.8 billion.

The enormous IPO will give Hong Kong’s financial authorities a huge boost as the city is battered by pro-democracy protests that have tarnished its image for security and hammered the Hang Seng Index.

Alibaba shares will be offered at a maximum of HK$188 per share, the ecommerce giant said in a statement.

The company is offering 500........

© Asian Correspondent