Alibaba Group Holding Ltd IPO release

For immediate release: 30/07/14

Alibaba Group Holding Ltd IPO release

By Patricia O’Connell September 15, 2014

The most awaited IPO in recent years is expected to be finalized in a few days. Alibaba Group Holding Ltd, China’s leading e-commerce enterprise is expected to take a final decision on their Initial Public Offering (IPO) price with the sale of up to 24.5 billion in stock value.

Shares were initially priced with a range of $60 and $66, according to the filing, but a larger-than-expected demand could push the Chinese e-commerce’s giant even further. This IPO outnumbers that of Agricultural Bank of China in 2010 and might now be considered as the largest U.S IPO ever. The IPO is expected to be finalized on Thursday the 18th of September and to make its trading debut on the 19th of September itself in the New York Stock Exchange (NYSE) under the ticker name “BABA”.

Like other IPO of this size, it is expected to start its first trading day about 30-90 minutes after the official U.S Market opening.
Preparations are being done by BigOption’s team and will be made available once it starts trading on the NYSE.