Alibaba held the largest accommodation of the year in Hong Kong

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The listing of the Chinese giant Alibaba in Hong Kong, postponed due to protests, was successful: the quotes for closing the first trading day increased by 6.5%. At the same time, police special forces guarded the entrance to the exchange.

• This is the largest ($ 11 billion) listing of the year, notes the Financial Times, far ahead of Uber from his $ 8 billion. The $ 25 billion IPO alibaba in New York was the largest in the world.
• The company decided to take placement after the record results of sales on the "Holy Day" November 11: Alibaba sales in one day reached $ 38 billion. Quarterly sales increased by 40% year by the year.
• After the start of protests in Hong Kong, Alibaba postponed the listing and reduced its volume. We wrote more about this here .

Quote. “After five years, Alibaba returned home, despite the difficulties and challenges in Hong Kong,” said Charlez Lee Hong Kong Congon.