What is the difference between BABA and 9988 HK?

What is the difference between BABA and 9988 HK?

BABA is the primary listing(IPOed 2014) and 9988 is the secondary listing(IPOed 2019) for Alibaba Group. One BABA is equal to 8 shares. The lot size for BABA is 1 and the lot size for 9988 is 100. Currency for BABA is USD and currency for 9988 is HKD.

Is 9988 an ADR?

On the NYSE, you can trade a minimum of 1 unit of BABA. However, the minimum lot size for 9988 is 100 units….Verdict.

	BABA	9988
Minimum Units to Invest	1	100
Type of Holding	ADRs (VIE)	Ordinary shares (VIE)
Threat of Delisting	Present	Absent

Is BABA 9988 a VIE?

If you buy Alibaba as ‘9988’ on the Hong Kong Stock Exchange, you own a stake in the VIE directly. BABA shares are convertible to 8 shares of 9988. Either share represents ownership in a VIE, not the company itself.

What is BABA stock price in Hong Kong?

As of 02:08PM HKT….Performance Outlook.

Previous Close	101.500
52 Week Range	71.000 – 225.000
Volume	47,102,394
Avg. Volume	54,710,147

Will Alibaba get delisted?

According to the HFCAA, there will be “an initial trading prohibition on a registrant as soon as practicable after it is conclusively identified as a Commission-Identified Issuer for three consecutive years.” Alibaba’s shares fell by -8% from $100.93 as of March 9, 2022 to $92.92 as of March 10, 2022.

What is Babaf vs BABA?

The difference between BABA and BABAF Both of them represent Alibaba Group. However, BABA is an ADR on the NYSE, while BABAF is an ordinary share on the US OTC market. This also means they differ in their trading process and trading volume.

Is ADR a good investment?

ADRs give foreign corporations access to more capital because the ADR gives investors easier access to buy shares of these foreign companies. Think about what you’d have to do without ADRs if you wanted to buy stock in a foreign company. First you would have to exchange dollars for foreign currency.

Is Alibaba ADR safe?

An investment in Alibaba has no margin of safety because the risk of ADR de-listing is underpriced. A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks.

How do I convert US ADR to HK shares?

1) Client needs to submit an email application according to the template; 2) FUTU will send a confirmation email to the client; 3) FUTU will deduct the ADRs and fees in the transfer-out account of the client, and process the conversion; 4) FUTU will add the HK stocks to the transfer-in account.