[September 18, 2014] |
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Alibaba Group Announces Pricing of Initial Public Offering
HANGZHOU, China --(Business Wire)--
Alibaba Group Holding Limited ("Alibaba Group") (NYSE:BABA) today
announced the pricing of its initial public offering of 320,106,100
American depositary shares ("ADSs"), each representing one of its
ordinary shares, at a price to the public of US$68 per ADS for a total
offering size of approximately US$21,770,000 billion, assuming the
underwriters do not exercise their option to purchase additional ADSs.
The ADSs are expected to begin trading on the New York Stock Exchange on
September 19, 2014, under the symbol "BABA." Alibaba Group is offering
123,076,931 ADSs, and the selling shareholders are offering 197,029,169
ADSs.
In addition, Alibaba Group and certain of the selling shareholders have
granted the underwriters a 30day option to purchase up to an additional
48,015,900 ADSs.
Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc.,
Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, Morgan Stanley
& Co. International plc and Citigroup Global Markets Inc. are serving as
joint book runners for the offering.
A registration statement related to these securities has been filed
with, and declared effective by, the United States Securities and
Exchange Commission. This press release shall not constitute an offer to
sell or a solicitation of an offer to buy, nor shall there be any sale
of these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
The offering will be made only by means of a prospectus. Copies of the
prospectus related to the offering may be obtained by calling the
following toll-free numbers: (1) Credit Suisse Securities (USA) LLC at
1-800-221-1037, (2) Deutsche Bank Securities Inc. at 1-800-503-4611, (3)
Goldman Sachs (Asia) L.L.C. at 1-866-471-2526, (4) J.P. Morgan
Securities LLC at 1-866-803-9204, (5) Morgan Stanley & Co. International
plc at 1-866-718-1649 and (6) Citigroup Global Markets Inc. at
1-800-831-9146 (calling these numbers is not toll free outside the
United States).
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