Alibaba Group announced that they plan to be listed on the main board of Hong Kong Stock Exchange with stock code "9988" on November 26, 2019.

It is said that Alibaba will issue 500 million new ordinary shares, including 12.5 million new shares under the public retail offering in Hong Kong and 487.5 million shares for subscription globally. The offer price for the public retail offering will be no more than HKD188 per share.

Alibaba started road show on November 13 and it will end on November 19. Its retail subscriptions started on November 15 and will end on November 20.

Alibaba's IPO in Hong Kong is expected to be the largest IPO in the world in 2019.


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