Alibaba Stock (BABA) Sinks on $3.2B Convertible Notes Offering | NYGazet

Shares of Alibaba ($BABA) sank over 2% on Wednesday after the e-commerce giant announced that it plans to raise $3.2 billion through convertible notes that will mat...

Shares of Alibaba (BABA) sank over 2% on Wednesday after the e-commerce giant announced that it plans to raise $3.2 billion through convertible notes that will mature in 2032. Despite this drop, BABA stock is still up nearly 73% in 2025. The notes wi... [1986 chars]