Baillie Gifford, Norges Said to Invest in Horizon Robotics Hong Kong IPO [Yahoo! Finance Canada]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Baillie Gifford put in an order of more than $500 million — enough to cover the entire portion reserved for institutional investors, excluding the cornerstone tranche, the people said. Allocations were, however, smaller than orders as the IPO was oversubscribed, they added. Norway's $1.7 trillion sovereign wealth fund Norges also bid in the IPO, as did Boston-based Wellington Management Group, the people said, asking not to be identified because the information isn't public. IPO books for the Chinese provider of technology used in autonomous driving systems were covered multiple times, with strong demand from global long-only investors, technology specialists and Chinese funds, the people said. Representatives for Horizon Robotics, Baillie Gifford, Norges and Wellington declined to comment. Horizon Robotics priced its IPO at the top of the range Tuesday, in what is set to be Hong Kong's second-largest listing this year after Midea Group Co.'s $4.6 b
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- Baillie Gifford, Norges Said to Invest in Horizon Robotics Hong Kong IPO [Yahoo! Finance]Yahoo! Finance
- Here's Why Alibaba (BABA) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
- Alibaba: Time To Bail Out [Seeking Alpha]Seeking Alpha
- Horizon Robotics Raises $696 Million in Hong Kong IPO [Yahoo! Finance]Yahoo! Finance
- Asian IPOs Set for Blockbuster Week as ‘Animal Spirits' Return [Yahoo! Finance]Yahoo! Finance
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