Alibaba’s shares jump 8% in Hong Kong debut

Alibaba’s shares jump 8% in Hong Kong debut

Chinese e-commerce giant Alibaba’s shares jumped more than 8% in their debut on the Hong Kong stock exchange on Tuesday. By mid-afternoon Tuesday, Alibaba was trading at 190.45 Hong Kong dollars ($24.33) per share. Its offering price was 176 Hong Kong dollars. The closing price Monday for Alibaba’s New York-traded shares was $190.45 per share.

Tom A
Tom A
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