๐จ $BABA DROPS OVER 10% AS $10.2B SHARE OFFERING HITS THE MARKET! ๐
$BABA took a sharp 10% hit to tap fresh one-month lows as heavy dilution concerns shook the order book. ๐ The company announced an 80 billion HKD ($10.2 billion) share sale, marking the largest-ever secondary offering in Hong Kong history. ๐
Sellers immediately slammed the bid to front-run this colossal wall of incoming supply, trailing only Alphabet and Intel in global follow-on size this year. โก Institutional order flow will need time to digest this massive liquidity wave before a solid reversal structure can build. ๐
๐ฌ Are you looking to step in on this discount or waiting until the supply overhang clears? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #BABA #MarketUpdate #Equities #Liquidity #Trading
๐ โก
$BABA took a sharp 10% hit to tap fresh one-month lows as heavy dilution concerns shook the order book. ๐ The company announced an 80 billion HKD ($10.2 billion) share sale, marking the largest-ever secondary offering in Hong Kong history. ๐
Sellers immediately slammed the bid to front-run this colossal wall of incoming supply, trailing only Alphabet and Intel in global follow-on size this year. โก Institutional order flow will need time to digest this massive liquidity wave before a solid reversal structure can build. ๐
๐ฌ Are you looking to step in on this discount or waiting until the supply overhang clears? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #BABA #MarketUpdate #Equities #Liquidity #Trading
๐ โก