Alibaba goes paperless for $13.4 billion listing in a first for Hong Kong: source

Alibaba Group will carry out Hong Kong’s first paper-less stock market listing with its $13.4 billion share sale, according to a source with knowledge of the matter, ending the long-held tradition of Hong Kong investors queuing in bank branches to place stock orders.

from Reuters: Technology News https://ift.tt/2phPT0h