Alibaba makes its initial public offering in Hong Kong today.

At exactly 9 o'clock this morning, Alibaba B2B Company will begin its formal public offering in Hong Kong. It has already raised the IPO price range from the originally planned HK$10-12 to HK$12-13.5, an increase of over 8%. The P/E ratio will be between 94.5 and 106.3 times. It is reported that Alibaba's institutional placement part has already received more than 50 times subscription. The subscription total has already exceeded USD 60 billion.