Alibaba Set To Soar: Hong Kong And Chinese Demand Big Driver
Appetite for shares of Chinese e-commerce giant Alibaba Group from Asian investors after Hong Kong IPO should lift stock over $220 per share. Alibaba’s U.S. shareholders can convert ADS to Hong Kong-traded shares, creating an arbitrage opportunity for hedge funds that will boost the U.S. valuation to keep pace with Hong Kong shares. Chinese …
News story posted on 2019-12-19T05:38:00.0000000Z
