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Transcripts For CNBC Street Signs 20240713

are close to sealing a merger agreement, telling employees a final pact is coming within weeks. and shares in the lse group trade higher as shareholders prepare to vote on the $27 billion takeover well, a very good morning and welcome to street signs. one of our top stories today, alibaba has closed almost 7% higher after its hong kong debut, the largest global listing so far this year the e-commerce giant listed at a price of 176 hong kong dollars to raise $11.2 billion in fresh capital. and as part of the ipo, the chinese company issued 500 million new ordinary shares. emily tan is joining us live from hong kong emily, the largest ipo of 2019, quite a stellar postmarket performance with the stock up almost 7% in trading how has the reception been overall? reporter: you know what, juwana, the newcomer to the market today was the most heavily traded in hong kong with $1.8 billion worth of shares changing hands as you mentioned, the stock closed up more than 6.5%, off

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