Alibaba Maintains Share Capital Post-Listing Conversion
Company Announcements

Alibaba Maintains Share Capital Post-Listing Conversion

Alibaba (BABA) has released an update.

Alibaba Group Holding Limited reported no change in its authorized/registered share capital or issued shares, maintaining a balance of USD 100,000 and 19,254,701,124 ordinary shares respectively at the end of August 2024. The company confirmed compliance with all listing rules and regulations following its voluntary conversion to primary listing on the Main Board of the Hong Kong Stock Exchange in late August 2024. No new shares were issued from options, convertibles or other agreements, and a repurchase of shares was conducted on the New York Stock Exchange, although these shares have not yet been cancelled.

For further insights into BABA stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskAlibaba Announces Strategic Share Buyback Initiative
TipRanks Auto-Generated NewsdeskAlibaba’s Share Movements in October 2024
Shrilekha PetheAlibaba (NYSE:BABA) Restructures Metaverse Unit Yuanjing Amid Sector Shift
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App