Alibaba to exercise full retail tranche in Hong Kong listing -sources

HONG KONG (Reuters) – Alibaba (BABA.N) has exercised its full retail tranche, from 2.5% to 10%, in its Hong Kong secondary listing, thanks to oversubscription, three sources with direct knowledge of the matter told Reuters.

Earlier, three sources told Reuters the Chinese e-commerce giant would raise up to $12.9 billion in the listing.

Reporting by Scott Murdoch and Julie Zhu; Editing by Anne Marie Roantree and Clarence Fernandez