The euphoria surrounding Alibaba Group Holding Ltd.’s primary listing plan has evaporated in just two sessions, as focus shifts to the firm’s earnings announcement due next week.
The e-commerce giant’s stock fell as much as 1.5% in Hong Kong on Thursday after tumbling on Wednesday, dipping below the level before Alibaba said it would seek a primary listing in the city. Goldman Sachs Group Inc. said the move may draw $16 billion of inflows into the company’s shares.
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- JC888·2022-07-29Got euphoria? If yes came n gone in a jiffy... LolLikeReport
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