Hong Kong: Ali Health raises US$1.3bn in Hong Kong’s largest healthcare follow-on offering

Alibaba Health Information Technology has raised HK$10bn (US$1.3bn) in an upsized placement on the HKEX. It is Hong Kong’s largest follow-on share sale for five years. It is also the largest ever healthcare follow-on offering in Hong Kong. The healthcare arm of internet giant Alibaba sold 499 million shares or 3.7% of the enlarged share…