Alibaba is closing the U.S. books for its $13 billion secondary listing early
Alibaba Group Holding Ltd. will stop collecting orders early for its roughly $13 billion Hong Kong stock sale due to strong investor demand for its shares, according to people familiar with the matter.
The Chinese e-commerce giant plans to close the books on the institutional portion of the sale at noon EST on Tuesday instead of 4 p.m. during the New York day, the people said. Institutional investors in Asia can submit orders for the offering until 4 p.m. Hong Kong time Tuesday, while investors in Europe can do so until 4...
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