financetom
Forex World Market Business Cryptocurrency Commodities MAP
financetom
Business
financetom
/
Business
/
Market Chatter: Alibaba Sells 30.85 Million Bilibili Shares at $11.60 Each to Raise $357.8 Million
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Alibaba Sells 30.85 Million Bilibili Shares at $11.60 Each to Raise $357.8 Million
Mar 21, 2024 9:23 AM

11:49 AM EDT, 03/21/2024 (MT Newswires) -- Alibaba Group Holding ( BABA ) has sold 30.85 million shares in Bilibili ( BILI ) at $11.60 each to raise $357.8 million, Bloomberg reported Thursday, citing people familiar with the situation.

The Bilibili ( BILI ) shares were marketed earlier at $11.60 to $12.28 range, the report said.

Bilibili's ( BILI ) American depositary receipts fell 7.1% at $11.40 in recent Thursday trading, while Alibaba ( BABA ) shares rose 0.3%.

Alibaba ( BABA ) and Bilibili ( BILI ) didn't reply immediately to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 74.42, Change: +0.24, Percent Change: +0.32

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CI Financial Reports Final Results of Substantial Issuer Bid
CI Financial Reports Final Results of Substantial Issuer Bid
Apr 5, 2024
07:37 AM EDT, 04/05/2024 (MT Newswires) -- CI Financial Corp. ( CIXXF ) , which slipped 1.1% in Canada yesterday, on Friday reported the final results of its substantial issuer bid. Under the bid, the company bought for cancellation about 4.9 million of its common shares at the purchase price of $17.50 per share for about $85 million. Shares purchased...
 CN Rail Advancing Decarbonization Efforts with EMD Mainline Hybrid Locomotive From Progress Rail
CN Rail Advancing Decarbonization Efforts with EMD Mainline Hybrid Locomotive From Progress Rail
Apr 5, 2024
07:41 AM EDT, 04/05/2024 (MT Newswires) -- CN Rail (CNR.TO) -- which will issue first-quarter 2024 financial and operating results after market close on April 23, 2024 -- announced Friday that it has purchased its first hybrid diesel-battery electric mainline locomotive from Progress Rail, a Caterpillar Company, as part of its decarbonization plans. The EMD will be tested to understand...
 Chevron Insider Sold Shares Worth $448,252, According to a Recent SEC Filing
Chevron Insider Sold Shares Worth $448,252, According to a Recent SEC Filing
Apr 5, 2024
07:37 AM EDT, 04/05/2024 (MT Newswires) -- Alana K Knowles, VP and Controller, on April 02, 2024, sold 2,800 shares in Chevron ( CVX ) for $448,252. Following the Form 4 filing with the SEC, Knowles has control over a total of 12,302 shares of the company, with 276 shares held directly and 12,026 shares controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/93410/000112760224012509/xslF345X03/form4.xml...
 AstraZeneca Says Phase 3 Trial of Imfinzi Shows Positive Results in Meeting Primary Endpoints
AstraZeneca Says Phase 3 Trial of Imfinzi Shows Positive Results in Meeting Primary Endpoints
Apr 5, 2024
07:42 AM EDT, 04/05/2024 (MT Newswires) -- AstraZeneca ( AZN ) said Friday that a phase 3 trial of Imfinzi showed positive high-level results and clinically meaningful improvement in the study's primary endpoints of overall survival and progression-free survival in patients with limited-stage small-cell lung cancer who had not progressed following concurrent chemoradiotherapy. The 737 trial patients were randomized to...
About
Terms and Conditions Privacy policy Cookie Settings Contact Us
Services
Login register
financetom Market Personal Finance Business Economy Cryptocurrency MAP
Links
zpostcode Recruit weather mreligion Yellowpages sport constellation shopping name game directory literature Word tour furnish Lottery tftnews lyrics News digital car dir Edu Finance
Copyright 2023-2026 - www.financetom.com All Rights Reserved