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The latest announcement is out from Alibaba Group Holding Ltd. ( (HK:9988) ).
Alibaba Group Holding Ltd. announced the filing of a Form F-4 with the U.S. Securities and Exchange Commission, related to an offer to exchange its outstanding senior notes for notes that will be registered under the U.S. Securities Act of 1933. This move aims to enhance the tradability of its securities, potentially impacting the company’s financial operations and providing more flexibility for stakeholders.
The most recent analyst rating on (HK:9988) stock is a Buy with a HK$135.00 price target. To see the full list of analyst forecasts on Alibaba Group Holding Ltd. stock, see the HK:9988 Stock Forecast page.
More about Alibaba Group Holding Ltd.
Alibaba Group Holding Ltd. is a multinational conglomerate based in China, primarily engaged in e-commerce, retail, internet, and technology. The company operates through various subsidiaries and is known for its online marketplaces, cloud computing services, and digital media and entertainment platforms, with a significant market focus on both domestic and international markets.
Average Trading Volume: 89,710,557
Technical Sentiment Signal: Buy
Current Market Cap: HK$2209.8B
See more data about 9988 stock on TipRanks’ Stock Analysis page.