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. The decision to fully automate the retail subscription component of the deal comes as Hong Kong is gripped by increasingly violent civil unrest. Alibaba does not plan to print a paper copy of its 661-page prospectus, lodged with the Hong Kong Stock Exchange on Wednesday night. …read more
Source:: Yahoo Finance
