Deal Details
Alibaba Completes $11.2 Billion Global Offering
Summary
Alibaba Group Holding Limited ("Alibaba” or the "Company”) (NYSE: BABA) recently completed a global offering of 500,000,000 ordinary shares, which comprised of an international offering and a Hong Kong public offering. The offer price was set at HK$176.00 per share or $179.91 per ADS based on the ratio of 8 shares per NYSE-listed ADS. The Company will receive gross proceeds of approximately $11.2 billion from the global offering. The Company has also granted the underwriters a 30-day option to purchase up to an additional 75,000,000 shares at the offer price. Alibaba plans to use the proceeds from the global offering for the implementation of its strategies to drive user growth and engagement, empower businesses to facilitate digital transformation and continue to innovate and invest for the long term.
Baird served as a co-manager for this global offering.
About
Alibaba’s mission is to make it easy to do business anywhere. The Company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts for 102 years. Alibaba is headquartered in Hangzhou, China.CONTACT US TO LEARN MORE
- Date
- November 2019
- Company
- Alibaba Group Holding Limited
- Transaction
- Equity Capital Markets
- Sectors
- Technology & Services
- Verticals
-
IT Services, Security & Infrastructure
- Target Geography
- Asia
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