Alibaba Launches Massive Hong Kong IPO.
Chinese conglomerate Alibaba Group Holding Limited will list on the Hong Kong Stock Exchange on Nov. 26 and aims to raise $13.4 billion in the IPO.
This will be a secondary listing for Alibaba, which debuted on the New York Stock Exchange in 2014 and raised $25 billion in what remains the largest IPO in history.
The...
Trading within the Wedge formation. Bespoke support is located at 56.50. Positive overnight flows lead to an expectation of a firm open.
Further upside is expected and we look to set longs in early trade if it breaks the resistance at 57.4
