Alibaba applies for one-to-eight stock split to seek flexibility in its ability to raise capital, attract new investors

//Alibaba applies for one-to-eight stock split to seek flexibility in its ability to raise capital, attract new investors

Alibaba applies for one-to-eight stock split to seek flexibility in its ability to raise capital, attract new investors

Alibaba Group Holding, operator of the world’s largest e-commerce platform, has applied to split its ordinary shares, part of a move to increase the flexibility of its capital raising activities, including the issuing of new shares.The New York-listed Chinese e-commerce giant is proposing to split each of its ordinary shares into eight, according to a stock exchange filing. Under the changes, one American Depositary Share (ADS), which currently represents one ordinary share, will represent…

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By | 2019-06-17T02:13:49+00:00 June 17th, 2019|Business|Comments Off on Alibaba applies for one-to-eight stock split to seek flexibility in its ability to raise capital, attract new investors