New York Stock Exchange IPO To Be Disclosed

　　 NYSE An industry meeting was announced on Wednesday to provide an update on Alibaba Group's IPO.

The conference call will be held on U.S.A Starting at 8:30 a.m. Eastern time (8:30 p.m. Beijing time) on Friday, the participants included members of trading, technology and operation departments. But NYSE will not provide information such as order imbalance and detailed pricing.

This time Alibaba IPO The size is expected to break the world record, and the price is expected to be announced on Thursday night, currently priced at $66 to $68 A share.

Link related:

Alibaba Group on Thursday set its IPO price at $68 / ads, the upper limit of its previous pricing range.

Alibaba Group will be officially listed on the New York Stock Exchange on Friday, us time, with the stock trading code of "Baba". Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley and Citigroup acted as lead underwriters of the IPO.

Assuming that the Underwriters make all 48015900 ads over allotment rights, the total IPO Financing of Alibaba Group will reach US $25.032 billion at the IPO price of US $68, surpassing the US $22.1 billion raised by the Agricultural Bank of China four years ago, making it the largest IPO in history.

The A-share listed companies that have equity partnership with Alibaba mainly include: Hang Seng Electronics (600570. SH), Alibaba founder Ma Yun is the actual controller of the company; Inner Mongolia Junzheng (601216. SH), the company shares in Tianhong Fund + yu'ebao; Zhongtuo (000906. SZ), Ali e-commerce holding 51% equity of Tianhong fund, Tianhong acquiring 11.81% equity of Zhongtuo.

Alibaba's market value is estimated to reach 168 billion US dollars. The company adopts a partnership structure, where the partners have the right to appoint most of the members of the board of directors. This structure allows Alibaba founder Ma Yun and his team to maintain control of the company.

Although Hong Kong regulators do not support Alibaba's governance structure, the situation in the United States is different. The U.S. stock market allows listed companies to grade their stocks to ensure the control of insiders. Li Xiaojia, CEO of the Hong Kong stock exchange, said in March that the missed IPO of the largest Internet company in Chinese history showed that the Hong Kong stock market needed to change. "We need to ensure that our market is not marginalized in a new era of economic development," Mr Li said at the time

Other Chinese Internet and software companies, such as Jingdong and Cheetah mobile, have recently launched IPOs in the United States. These two levels of ownership structure are adopted by the founders.