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Alibaba to Raise $12.9 Billion in Secondary Hong Kong IPO

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

International investors definitely want a slice of Alibaba Group Holding Ltd., helping the upcoming secondary listing rank as one of the biggest initial public offerings in 2019. The Chinese retail and tech conglomerate on Wednesday priced its shares at 176 Hong Kong dollars ($180). The plan is to sell 500 million shares, raising at least…

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