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Alibaba shares surge in Hong Kong debut | Money Talks
02:02
Asia Pacific
Alibaba shares surge in Hong Kong debut | Money Talks
Alibaba has made an impressive start on its trading debut in Hong Kong. Last week the Chinese retailer completed an $11.3 billion secondary listing, five years after its New York IPO. Its soared 6.6 percent - a premium over those being traded in the US. The listing is seen as a vote of confidence in Hong Kong during unrest that's hit the economy. Joel Flynn reports. #Alibaba #HongKong #IPO
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