Depositary Receipt on BABA issued by KTB (SET: BABA80) struggled on the first trading day in the Thai stock market with a decrease of THB0.24 or 4.69% per share right after the opening bell to trade at THB4.88 per share. The initial price is THB5.12 per share.
Alibaba Group Holding Limited is a global technology company listed on Hong Kong Stock Exchange and a leader in e-commerce with subsidiaries in a wide range of businesses including digital technology, media and entertainment, and logistics. BABA80’s initial public offering (IPO) opened for subscription during February 14-17, 2022. The DR underlying is 100:1
DR is a financial instrument that provides investors with the benefits of the underlying foreign shares. DR, thus, offers investors an efficient way to gain exposure to international markets while trading in the Thai baht via existing securities accounts.