Alibaba seeks stock split to boost available shares ahead of reported Hong Kong listing

Under Alibaba's proposal, one share would be split into eight with the number of shares available for investors increasing from 4 billion to 32 billion.

One share would be split into eight with the number of shares available for investors changing from 4 billion to 32 billion.

Under the proposal, the Chinese e-commerce giant will split one ordinary share into eight. That would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. "The Board of Directors is proposing the Share Subdivision to increase the flexibility for the Company in future capital market activities," Alibaba said in a statement on Monday.

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