(Bloomberg) — Alibaba Group Holding Ltd. rose 6.3% in its Hong Kong debut, capping a landmark share sale that unfolded during violent anti-Chinese protests.Chairman Daniel Zhang, flanked by lieutenants wearing Alibaba lapel pins, struck the opening gong Tuesday at a packed ceremony attended by prominent Hong Kong officials. The Chinese e-commerce giant’s shares rose to HK$187 in pre-market trade, versus a HK$176 issuance price.Asia’s most valuable corporation raised about $11 billion in the financial hub’s largest issuance of stock since 2010, a triumph for a stock exchange that lost many of China’s brightest technology stars to U.S. rivals. The blockbuster …read more
Source:: Yahoo Finance
