Alibaba raises another $1.7b in over-allotted shares in Hong Kong listing

Alibaba raises another $1.7b in over-allotted shares in Hong Kong listing

REUTERS/Aly Song

Chinese e-commerce giant Alibaba said on Tuesday it has raised an additional HK$13.17 billion ($1.68 billion) by exercising the over-allotment option in its Hong Kong secondary listing.