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Alibaba Share Price Cracks Over 10% After $10 Billion Hong Kong Share Sale
Alibaba Group Holding Ltd raised HK$80 billion ($10.2 billion) be sale of 710 million shares at HK$112.7 each. The price was at a discount of 3.6% to the closing price of Alibaba's American depositary receipts on Friday and 8.4% below the Hong Kong close.
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