Horizon Robotics Raises $696 Million in Hong Kong IPO [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
Most Read from Bloomberg The company priced the shares at HK$3.99 each, the terms show. It has been taking orders for 1.36 billion shares at a range of HK$3.73 to HK$3.99 each. Horizon Robotics expects to list shares Thursday. Order books were covered shortly after the company started taking investor orders last week, Bloomberg News reported, reflecting strong demand for one of Hong Kong's biggest IPOs this year. Alibaba Group Holding Ltd. and Baidu Inc. are among cornerstone investors — which commit to holding shares for at least six months — that have agreed to buy a total of about $220 million of Horizon Robotics stock in the offering. Horizon Robotics is set to debut a day after China Resources Beverage Holdings Co., which also priced its Hong Kong IPO at the top end of the marketed range. Hong Kong's benchmark Hang Seng Index is up 20% this year following four years of losses. Goldman Sachs Group Inc., Morgan Stanley and China Securities International were joint spon
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