E-Commerce Firm: Year Homecoming and Stock Code

e-commerce firm: The company's secondary listing could raise as much as 12.9 billion, making it the largest public offering so far this year, according to CNN. Alibaba's homecoming is about pleasing China and buying trade war insurance Alibaba trades under the stock code 9988 in Hong Kong. Shares of the e-commerce firm closed up at 187.60 Hong Kong dollars 23.97 on their first day of trading. Nine and eight are considered to be lucky numbers in the Chinese culture, indicating long-lasting prosperity. The offering has overperformed a vote of confidence in Hong Kong, the Asian financial hub that has grappled with months of protests. There's been a lot of enthusiasm for the company's arrival on the Hong Kong market. (news.financializer.com). As reported in the news.