BABA Jan 2020 220.000 call

OPR - OPR Delayed price. Currency in USD
0.6700
0.0000 (0.00%)
As of 3:55PM EST. Market open.
Stock chart is not supported by your current browser
Previous close0.6900
Open0.7500
Bid0.6500
Ask0.7000
Strike220.00
Expiry date2020-01-17
Day's range0.5900 - 0.7500
Contract rangeN/A
Volume98
Open interest16.81k
  • Alibaba Guides Pricing on Hong Kong Listing Around HK$176
    Bloomberg

    Alibaba Guides Pricing on Hong Kong Listing Around HK$176

    (Bloomberg) -- Alibaba Group Holding Ltd. is poised to raise about HK$88 billion ($11 billion) in its mega Hong Kong stock offering as it’s telling prospective investors it will likely price the shares at around HK$176 each, people with knowledge of the matter said.The potential price represents a 2.9% discount to the last close of Alibaba’s American depository shares in New York, with each equal to 8 ordinary shares of the internet company. This Hong Kong share sale marks one of the largest globally this year and the biggest for the city since 2010.The final price hasn’t been formally set and could still change, according to the people, who asked not to be identified because the information is private. A representative for Alibaba declined to comment.The mega share sale comes as Hong Kong’s economy has been hurt by months of increasingly violent protests and growing anti-China sentiment. Alibaba’s return will also please Chinese officials who’ve watched many of the country’s largest private corporations flock overseas for capital. With a Hong Kong listing in sight, Alibaba will challenge Tencent Holdings Ltd. for the title of the largest listed corporation in the city.Why Now, and Why Hong Kong, for Alibaba’s Share Sale?: QuickTakeAlibaba is selling 500 million new shares, 12.5 million of which are set aside for individual investors, it said in a statement last week. The company has an over-allotment option to sell an additional 75 million shares. The pricing of the retail tranche is capped at HK$188 each -- an auspicious number in Chinese culture -- making it the most expensive first-time share sale in Hong Kong.Hong Kong is no stranger to Alibaba as the tech giant once listed its business-to-business platform in the city in 2007. Shares of Alibaba.com tripled at debut on overwhelmingly strong investor demand for technology companies. The enthusiasm didn’t last and the stock plunged later. Alibaba took the platform private in 2012 at HK$13.5 each, which was the IPO offer price five years ago.In 2014, Alibaba listed its shares in New York in the biggest ever initial public offering. After losing some of China’s brightest technology stars, Hong Kong started looking into allowing dual-class shares. Last year, the city’s bourse introduced new rules to accommodate the structure. The efforts to lure Alibaba went all the way to the top of Hong Kong’s government, with Chief Executive Carrie Lam exhorting billionaire Jack Ma to consider a listing in the financial hub.Alibaba will commence trading in Hong Kong on Nov. 26. Credit Suisse Group AG and China International Capital Corp. are the joint sponsors of the share sale. Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley are also arranging the deal.(Updates to add details throughout the story)\--With assistance from Julia Fioretti.To contact the reporters on this story: Carol Zhong in Hong Kong at yzhong71@bloomberg.net;Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.net;Crystal Tse in New York at ctse44@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Business Wire

    Alibaba Cloud Powered $1B of GMV in 68 Seconds, with Zero Downtime During 11.11

    Cloud infrastructure, AI-enabled tech underpinned $38B GMV in 24-hour global shopping spree

  • Investing.com

    Alibaba Seeks to Raise $11B in Mega Hong Kong Stock Offering

    Investing.com - Alibaba Group Holdings Ltd (NYSE:BABA) is looking to price its shares at HK$176 each and raise about HK$88 billion ($11 billion) in a mega Hong Kong stock offering, Bloomberg reported on Wednesday citing people with knowledge of the matter.

  • Alibaba to price shares at HK$176 in landmark $12.9 billion Hong Kong listing - sources
    Reuters

    Alibaba to price shares at HK$176 in landmark $12.9 billion Hong Kong listing - sources

    Chinese e-commerce giant Alibaba Group will raise up to $12.9 billion (£9.9 billion) from its landmark Hong Kong listing and is set to price its shares at a 2.8% discount to their New York close, sources with direct knowledge of the matter said. The deal - the largest share sale in the city for nine years and a world record cross-border secondary share sale - will be seen as a boost to Hong Kong following more than five months of anti-government protests and its recent slide into its first recession in a decade. Alibaba is due to officially price the deal later on Wednesday but three sources said investors had been told HK$176 was likely to be the end number.

  • Alibaba to price shares at HK$176 in landmark $12.9 billion HK listing: sources
    Reuters

    Alibaba to price shares at HK$176 in landmark $12.9 billion HK listing: sources

    Chinese e-commerce giant Alibaba Group will raise up to $12.9 billion from its landmark Hong Kong listing and is set to price its shares at a 2.8% discount to their New York close, sources with direct knowledge of the matter said. The deal - the largest share sale in the city for nine years and a world record cross-border secondary share sale - will be seen as a boost to Hong Kong following more than five months of anti-government protests and its recent slide into its first receession in a decade. Alibaba is due to officially price the deal later on Wednesday but three sources said investors had been told HK$176 was likely to be the end number.

  • China's Megvii seeks approval for Hong Kong IPO despite U.S. blacklist - sources
    Reuters

    China's Megvii seeks approval for Hong Kong IPO despite U.S. blacklist - sources

    Chinese artificial intelligence firm Megvii Technology Ltd plans to seek listing approval on Thursday for a Hong Kong IPO of at least $500 million, people with knowledge of the matter said, despite being blacklisted by the U.S. government. Sources had previously told Reuters the listing was scheduled for Hong Kong in the fourth quarter and might raise as much as $1 billion. The latest move comes weeks after the U.S. government placed Megvii and seven other Chinese companies on a trade blacklist over their alleged involvement in human rights violations related to Beijing's repression of Muslim minority populations in the Xinjiang Uighur Autonomous Region.

  • China's Megvii seeks approval for Hong Kong IPO despite U.S. blacklist: sources
    Reuters

    China's Megvii seeks approval for Hong Kong IPO despite U.S. blacklist: sources

    Chinese artificial intelligence firm Megvii Technology Ltd plans to seek listing approval on Thursday for a Hong Kong IPO of at least $500 million, people with knowledge of the matter said, despite being blacklisted by the U.S. government. Sources had previously told Reuters the listing was scheduled for Hong Kong in the fourth quarter and might raise as much as $1 billion. The latest move comes weeks after the U.S. government placed Megvii and seven other Chinese companies on a trade blacklist over their alleged involvement in human rights violations related to Beijing's repression of Muslim minority populations in the Xinjiang Uighur Autonomous Region.

  • Asian Traders Shrug-Off Trade Deal Concerns; Alibaba Listing Boosts Hang Seng; Aussie Shares Up on Rate Cut Hopes
    FX Empire

    Asian Traders Shrug-Off Trade Deal Concerns; Alibaba Listing Boosts Hang Seng; Aussie Shares Up on Rate Cut Hopes

    Hong Kong’s Hang Seng Index rose sharply for a second session this week on the hopes of fresh government stimulus and the news that Alibaba will close its order books to institutional investors early for its upcoming secondary listing in Hong Kong. The Australian share market rallied after it was revealed the Reserve Bank gave serious consideration earlier this month to cutting rates for a fourth time this year.

  • Alibaba to close books early in $13.4 billion Hong Kong listing after strong demand: sources
    Reuters

    Alibaba to close books early in $13.4 billion Hong Kong listing after strong demand: sources

    Alibaba will stop taking orders from prospective institutional investors for its $13.4 billion secondary listing in Hong Kong earlier than expected after attracting strong demand, two people with direct knowledge of the matter said. Order books will now close on Tuesday at 12 p.m. in New York (1700 GMT), half a day earlier than initially planned by the Chinese e-commerce giant and its investment banking advisers. The final price that institutional investors will pay will still be set by Wednesday evening Hong Kong time, based on Tuesday's closing price in New York, they added.

  • Amazon Brings Third-Party Data Access to AWS Marketplace
    Zacks

    Amazon Brings Third-Party Data Access to AWS Marketplace

    Amazon (AMZN) to gain traction among customers and qualified data providers with its latest service, AWS Data Exchange.

  • The Zacks Analyst Blog Highlights: Alibaba, The Buckle, Boot Barn, Pinduoduo and Tempur Sealy International
    Zacks

    The Zacks Analyst Blog Highlights: Alibaba, The Buckle, Boot Barn, Pinduoduo and Tempur Sealy International

    The Zacks Analyst Blog Highlights: Alibaba, The Buckle, Boot Barn, Pinduoduo and Tempur Sealy International

  • Alibaba's books close early in $13.4 billion Hong Kong listing: sources
    Reuters

    Alibaba's books close early in $13.4 billion Hong Kong listing: sources

    Alibaba will close its order books early to prospective institutional investors as part of its $13.4 billion secondary listing in Hong Kong, according to two people with direct knowledge of the matter. Books will now be shut at 12 p.m. EST Tuesday in New York which is a half day earlier than initially planned by the Chinese e-commerce giant and its investment banking advisers. The decision was made by the company on Monday, and the final price will still be set by Wednesday evening, Hong Kong time, according to the sources.

  • Aramco’s IPO Becomes a Saudi Affair as London Roadshow Scrapped
    Bloomberg

    Aramco’s IPO Becomes a Saudi Affair as London Roadshow Scrapped

    (Bloomberg) -- Saudi Aramco set a valuation target for its initial public offering well below Crown Prince Mohammed bin Salman’s goal of $2 trillion and pared back the size of the sale after the government decided to make the deal an almost exclusively Saudi affair.The initial public offering will now rely on local investors after most international money managers balked at even the reduced price target. The deal won’t be marketed in the U.S., Canada or Japan and on Monday bankers told investors roadshow events in London and other European cities, planned for this week, were canceled.Aramco will sell just 1.5% of its shares on the local stock exchange, about half the amount that had been considered, and seek a valuation of between $1.6 trillion and $1.71 trillion. As well as slimming down the deal, the Saudi authorities relaxed lending limits to ensure sufficient local demand to get the share sale done.While the new valuation means Aramco will overtake Apple Inc. as the world’s biggest public company by some distance, the plans are a long way from Prince Mohammed’s initial aims: a local and international listing to raise as much as $100 billion for the kingdom’s sovereign wealth fund.At the lower end of the price range, the offer would fall short of a record, coming in just below the $25 billion raised by Alibaba Group Holding Ltd. in 2014.Aramco Chief Executive Officer Amin Nasser kicked off the IPO’s final phase at a presentation for hundreds of local fund managers in Riyadh on Sunday.This is “a historic day for Saudi Aramco,” Nasser said. “We are excited about the transition to being a listed company.”With the offer price putting Aramco’s maximum valuation at about $1.7 trillion, there should be room for investors to make some money, said one local investor, who like all the people attending asked not to be identified.Aramco will need to lean heavily on local investors, large and small, to get the job done. The Saudi Arabian Monetary Authority will allow smaller retail investors to borrow twice their cash investment, double the normal leverage limits the regulator allows for IPOs, according to people familiar with matter.The kingdom’s richest families, some of whom had members detained in Riyadh’s Ritz-Carlton hotel during a so-called corruption crackdown in 2017, are expected to make significant contributions to the IPO.Cornerstone InvestorsThe final version of the prospectus didn’t identify any cornerstone investors, though the company is still in talks with Middle Eastern, Chinese and Russian funds.Foreign investors had always been skeptical of the $2 trillion target and recently suggested they would be interested at a valuation below $1.5 trillion. That would offer a return on their investment close to other leading oil and gas companies like Exxon Mobil Corp. and Royal Dutch Shell Plc.The new valuation implies Aramco, which has promised a dividend of at least $75 billion next year, will reward investors with a yield of between 4.4% and 4.7%. That compares with just under 5% for Exxon Mobil and 6.4% for Shell.“Institutional investors are unlikely to find this valuation range attractive,” analysts at Sanford C. Bernstein said in a research note Sunday, adding that the price range implies a premium to Western oil majors on most metrics, including price-to-earnings and free cash flow yield. “Cornerstone investors, sovereign wealth funds and local investors could still provide enough support to support the IPO given some of the strategic interests.”Saudi Arabia has been pulling out all the stops to ensure the IPO is a success to a skeptical audience. It cut the tax rate for Aramco three times, promised the world’s largest dividend and offered bonus shares for retail investors who keep hold of the stock.“Aramco’s price range takes into account some uncertainties that weren’t fully absorbed when the IPO was first floated,” such as governance, said Jaafar Altaie, managing director of Abu Dhabi-based consultant Manaar Group. “The lower range reflects uncertainties. It takes into account issues of supply that are very fluid, and demand that doesn’t look so good now.”Aramco has also faced the challenge of the strengthening global movement against climate change that’s targeted the world’s largest oil and gas companies. Many foreign investors are concerned the shift away from the internal combustion engine -- a technology that drove a century of steadily rising fossil fuel demand -- means consumption of oil will peak in the next two decades.Speaking in Riyadh on Sunday, Nasser acknowledged the prospect of peak demand, but argued that with the lowest production costs in the industry, Aramco would be able to win market share from less-efficient producers.The IPO is a pillar of Prince Mohammed’s much-hyped Vision 2030 plan to change the social and economic fabric of the kingdom and attract foreign investment. The prince, who rules Saudi Arabia day-to-day, is trying to recover his reformist credentials after his global reputation was damaged by the 2018 assassination of government critic Jamal Khashoggi in the kingdom’s Istanbul consulate.Proceeds from the IPO will be transferred to the Public Investment Fund, which has been making a number of bold investments, plowing $45 billion into SoftBank Corp.’s Vision Fund, taking a $3.5 billion stake in Uber Technologies Inc. and planning a $500 billion futuristic city.No matter what the final valuation, the share sale will create a public company of unmatched profitability. Aramco earned a net income of $111 billion in 2018 on revenue of $315 billion.\--With assistance from Nayla Razzouk, Abbas Al Lawati, Filipe Pacheco, Archana Narayanan, Dinesh Nair, Ramsey Al-Rikabi, Jack Farchy and Swetha Gopinath.To contact the reporters on this story: Matthew Martin in Dubai at mmartin128@bloomberg.net;Javier Blas in London at jblas3@bloomberg.netTo contact the editors responsible for this story: Nayla Razzouk at nrazzouk2@bloomberg.net, ;Stefania Bianchi at sbianchi10@bloomberg.net, Bruce StanleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Alibaba Calls Off Event for Hong Kong Share Sale Amid Unrest

    (Bloomberg) -- Alibaba Group Holding Ltd. called off plans for an investor luncheon in Hong Kong amid intensifying protests in the city, according to people with knowledge of the matter.The e-commerce company is conducting investor meetings by phone rather than in person for its planned new share sale, citing logistics and safety concerns, said one of the people, who asked not to be identified because the information is private.Months of pro-democracy protests in Hong Kong have closed the city’s airport at least twice, while its transit system is increasingly facing disrupted service. Citigroup Inc., one of the underwriters on Alibaba’s offering, warned staff to steer clear of dangerous places after one of its bankers was arrested in the financial district this week.Companies that go public in Hong Kong typically arrange a luncheon with institutional investors on the day book-building commences.A representative for Alibaba declined to comment on the roadshow schedule.Alibaba’s planned offering size hasn’t changed as a result of the protests, Michael Yao, the company’s head of corporate finance, said on a conference call with investors earlier this week.The company priced the retail portion of its Hong Kong share sale at HK$188 each, an auspicious number in Chinese culture. Alibaba said it may price the remainder of its 500 million-share offering above that ceiling, signaling that it aims to raise at least $12 billion, the biggest first-time share sale in Hong Kong this year.Alibaba aims to price the institutional tranche of the offering Nov. 20, according to terms for the deal obtained by Bloomberg. China International Capital Corp. and Credit Suisse Group AG are sponsors for the deal.To contact the reporters on this story: Crystal Tse in New York at ctse44@bloomberg.net;Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, ;Peter Elstrom at pelstrom@bloomberg.net, Michael Hytha, Shamim AdamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Alibaba's Hong Kong Share Sale Is Feeling Lucky
    Bloomberg

    Alibaba's Hong Kong Share Sale Is Feeling Lucky

    (Bloomberg Opinion) -- Hong Kong is doing everything it can to ensure Alibaba Group Holding Ltd.'s listing is a roaring success. That's turning the $12 billion mega-sale into a hot item — if you can get your hands on the shares.Alibaba will initially offer only 2.5% of the offering to individual investors, a quarter of the allocation specified in Hong Kong’s listing rules and half the 5% level typically allowed for sales valued at more than HK$10 billion ($1.3 billion). The retail portion may be increased to as much as 10% depending on the level of demand, though that’s still well below the 50% that the listing rules require for the most heavily subscribed offers.The effect of squeezing down the retail offering may be to increase the perceived rarity value of Alibaba shares, magnifying the buzz around what may be Hong Kong’s biggest share sale since 2010. For example, an allocation that is barely covered at 10% would be four times subscribed at 2.5% with the same level of demand.Hong Kong Exchanges & Clearing Ltd. has done its utmost to accommodate Alibaba, introducing rules that allow dual-class shares after resisting change for a decade — and losing the company’s $25 billion initial public offering to New York in 2014. The word “waiver” appears 80 times in Alibaba’s prospectus.With Hong Kong’s economy and markets rocked by protests, there’s much riding on a successful sale. After the listing, HKEX will be home to Asia’s two largest technology companies in Alibaba and Tencent Holdings Ltd. That could help the exchange attract more tech plays such as Southeast Asian ride-hailing giants Grab Holdings Inc. and Gojek.There are reasons to expect Alibaba’s Hong Kong stock to do well. Many mainland Chinese investors will get their first chance to buy shares of the country’s most valuable corporation, once Alibaba is included in the “stock connect” trading pipes that link Hong Kong with the Shanghai and Shenzhen exchanges. Capital controls prevent Chinese investors from easily accessing overseas stock markets, meaning that only those with money parked outside the mainland can trade Alibaba’s U.S. stock. And Chinese technology companies often attract higher valuations on local exchanges than overseas.Alibaba is at the forefront of China’s digital and consumer economies, with its Taobao and Tmall sites continuing to thrive as weakening growth prompts more people to seek bargains online. The company reported record sales for its Singles’ Day shopping festival on Nov. 11 and posted a 40% surge in September-quarter revenue. Its New York-traded stock had risen 33% this year as of Thursday’s close, and 54 of 55 analysts tracked by Bloomberg rate the stock a buy (the other is a hold).Institutions are sure to support the sale, encouraged by expectations of a wall of Chinese money joining them. Demand will come from Asian funds that have overlooked Alibaba previously because they want to trade in their own time zone. Hedge funds also sense opportunity. An expected price gap between Alibaba’s New York and Hong Kong shares is fueling a colossal arbitrage trade, Fox Hu and Carol Zhong of Bloomberg News reported Nov. 14. Alibaba will raise as much as $13.4 billion if an over-allotment option is exercised. The institutional offering will be priced on Nov. 20.In a possible fillip for retail demand, the offering will be Hong Kong’s first fully paperless listing, according to Reuters. Whether by accident or design, that means individuals won’t have to line up at banks or brokerages to obtain application forms — a potential deterrent given the unrest. Even the numbers associated with the listing are auspicious. Alibaba has capped the per-share price for individual investors at HK$188 apiece — double eight is particularly lucky in Chinese. And the company will trade under the stock code 9988, which sounds like “forever prosperous.” It looks like no one is leaving anything to chance. To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Henry Kissinger: A permanent U.S.-China conflict will be 'catastrophic'
    Yahoo Finance

    Henry Kissinger: A permanent U.S.-China conflict will be 'catastrophic'

    Henry Kissinger, with decades of experience of dealing with China, gives his assessment on the two countries' relationship.

  • Singles' Day Bonanza a Prelude to Holiday Season: 5 Picks
    Zacks

    Singles' Day Bonanza a Prelude to Holiday Season: 5 Picks

    After a successful Singles' Day, American retailers expect a smashing holiday season.

  • Alibaba gets strong demand for $13.4 billion Hong Kong listing: sources
    Reuters

    Alibaba gets strong demand for $13.4 billion Hong Kong listing: sources

    Alibaba's order books for its $13.4 billion Hong Kong share sale have already been covered "multiple times," sources with direct knowledge of the matter said on Friday, as the ecommerce group kicked off its campaign for the secondary listing in the city gripped by protests. The Chinese e-commerce giant plans to list its shares in Hong Kong from November 26, where it is hoping to raise up to $13.4 billion, and it is marketing the deal to investors around the world. The sources said potential investors had been told that the "quality of demand is high" and that there "continues to be very strong feedback" about the deal.

  • Alibaba's $13.4 billion bookbuild covered multiple times: sources
    Reuters

    Alibaba's $13.4 billion bookbuild covered multiple times: sources

    Alibaba's $13.4 billion institutional bookbuild for its Hong Kong listing is already covered "multiple times," according to a message sent to investors and verified by sources with direct knowledge of the matter. The Chinese e-commerce giant plans to list its shares in Hong Kong from November 26 and is currently marketing the deal to investors around the world. Pricing of the stock for institutional shareholders will be set on November 20, a prospectus lodged with the Hong Kong Stock Exchange shows.

  • Explainer: Why is Alibaba listing in Hong Kong?
    Reuters

    Explainer: Why is Alibaba listing in Hong Kong?

    Chinese e-commerce giant Alibaba is set to price its first share sale in Hong Kong next week, raising up to $13.4 billion (£10.5 billion) in what will be the largest deal in the city since 2010 and the world's biggest ever cross-border secondary listing. WHY IS ALIBABA LISTING IN HONG KONG? Alibaba, which is due to start trading on Nov. 26 in Hong Kong, could also benefit from Chinese demand.

  • Huge Gains in Alibaba's Hong Kong Debut Doubtful, Eastspring's Wong Says
    Bloomberg

    Huge Gains in Alibaba's Hong Kong Debut Doubtful, Eastspring's Wong Says

    Nov.19 -- Ken Wong, Asian equity portfolio specialist at Eastspring Investments, talks about Alibaba Group Holding Ltd.'s Hong Kong stock offering, and the implications for Tencent Holdings Ltd. He speaks with David Ingles and Tom Mackenzie on "Bloomberg Markets: China Open."

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