Alibaba Roadshow Open Subscription Hot Market Is Expected To Start Or Green Shoes Mechanism

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The roadshow response is more vivid than imagined.

Nandu correspondent learned that Alibaba has received more than a week since its opening of the roadshow.

Media quoted the lead underwriter information, Alibaba only received 3 minutes to receive $20 billion subscription applications.

The NYSE official website shows that Alibaba group will formally conduct IP at NYSE in September 19th.

On the 18 day, Alibaba will give the final pricing of the stock price.

Nandu correspondent learned from a domestic fund company specializing in Ali IPO's new account that although the purchase threshold is as high as RMB 1 million, its products have been sold for billions of dollars within a week.

The market expects that in this case, Alibaba will start.

That is, over 15% of the allotment of shares, about 48 million shares.

According to the prospectus, the Alibaba will issue 320 million US depositary receipts with an issue price range of US $60 to US $66.

The scale of the fund-raising will reach US $21 billion 100 million. If we calculate the maximum 15% allotment plan, the scale of financing will rise to US $24 billion 300 million.

People close to Alibaba said that due to the hot subscription, Alibaba has announced through internal mail that the company began to raise the fair value of common shares to $63 in September 6th.

Besides, Alibaba will come to Hong Kong next Monday.

However, in the invitation letter, the Nandu reporters found that the list of management did not include chairman Ma Yun. Only 5 people, including Vice President Cai Chongxin and chief executive Lu Zhaoxi, will be present.