“Alibaba plans a one-to-eight share split, as the e-commerce giant prepares for a stock sale that could be Hong Kong’s largest since 2010. (…) Alibaba is said to have filed for a listing in Hong Kong last week via a confidential exchange application.” – Bloomberg, 17 June.
Fluffy statements: Alibaba (BABA) said that among other reasons, the “one-to-eight share subdivision” will increase the number of shares available for issuance at a lower per share price, and …
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Source: The Loadstar