20 June, 2024
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Alibaba’s SEC filing could see SoftBank offloading part of its stake, Citi analysts say

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Mon, 2022-02-07 14:28

Alibaba Group Holding has registered an additional one billion American depositary shares with the US Securities and Exchange Commission, in a move that could facilitate SoftBank Group Corp.’s selling of its stake in the American market. 

The registration allows an easier selling of ordinary shares, especially those that have never been registered with the Commission, Bloomberg reported citing analysts from Citi.

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