Alibaba determine the final IPO price of $ 68 per share

Branch Finance YORK September 19 morning news, Alibaba Group announced Thursday, the group will its IPO (initial public offering) price ceiling of $ 68 to finalize a share, equivalent to the previous price range.

Based on this price, Alibaba Group's funding level will be $ 21.8 billion, IPO income will be attributed to Alibaba Group and its executives and early investors. This funding level is close to the Agricultural Bank of China set a historical record, the bank financing of $ 22 billion in 2010 when the IPO market.

In the past few months, or even years, the market has been expecting Alibaba Group listing. In addition, this transaction there is a layer of great significance: the United States on the IPO market, the largest ever cross-Branch Finance YORK September 19 morning news, Alibaba Group announced Thursday, the group will its IPO (initial public offering) price ultimately determined to be $ 68 per share, equivalent to the price range of the previous limit.

Based on this price, Alibaba Group's funding level will be $ 21.8 billion, IPO income will be attributed to Alibaba Group and its executives and early investors. This funding level is close to the Agricultural Bank of China set a historical record, the bank financing of $ 22 billion in 2010 when the IPO market.

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But that does not mean no risk exists. Industry pointed out that Alibaba Group's corporate structure is complex, and corporate governance is not normal. In addition, the group in the Chinese market is also facing competition from Tencent (0700.HK) and other companies, and may face exclusion from the Amazon 325, 1.00, 0.31%) and eBay in the United States market. However, Alibaba Group's IPO pricing means its market value will reach $ 168 billion, which would make it one of the highest American market value of listed companies, Amazon's $ 150 billion beyond.

         Alibaba Group will be officially listed on the New York Stock Exchange on Friday under the ticker symbol "BABA". According to the latest data released by the Alibaba Group to occupy the Chinese e-commerce market with 80% share of the total value of the transaction's online Taobao Mall and Lynx last deal was $ 248 billion, more than the sum of Amazon and eBay.

Alibaba Group IPO underwriters for the Swiss trading business loan 27.76, 0.55,2.02%) Group, Deutsche Bank, Goldman Sachs (187.89, 3.07, 1.66%) Group, JP Morgan Chase (61.32, 1.01, 1.67%) and Morgan Stanley 36.13, 0.57, 1.60%), this five underwriters same position, no underwriters and sub-underwriters of difference. In addition, Citigroup will handle the deal. Sources familiar with the matter have previously disclosed, is expected to major underwriters will receive a total of 1% IPO underwriting fee income as a basic, which is probably more than 200 million U.S. dollars; addition, the underwriters will also get an additional 1% as an incentive fee .

In the IPO deal, Alibaba Group founder Jack Ma and the Executive Vice Chairman Cai Chongxin will sell some shares, but will remain after the transaction is completed Ma is the group's third-largest shareholder in the amount of 7.8%, Cai Chongxin also still holds 3.2% of the shares. In addition, the Group's largest shareholder Softbank will not sell shares, its stake after the completion of the transaction will be 32% in IPO transactions.