Alibaba suffers rare 'down round' investment as Babytree's HK IPO prices low

Wed, 21 Nov 2018 - 09:19 GMT

Babytree will sell shares in the initial public offering (IPO) at HK$6.80 each - the low end of a range that reached HK$8.80 - to raise $217 million, instead of up to the $1 billion initially targeted.