Alibaba Ipo

September 19, 2014 was a memorable day in Chinese public corporation history. Alibaba Group became a public company on that day when its shares began trading on the New York Stock Exchange in the largest initial public offering in U.S. history. As we know, Alibaba is an Internet Commerce giant in China. In order to grow international businesses and consumers and to improve the company’s ecosystem, the Executive Chairman of the company, Jack Ma, made a decision to list BABA at the NYSE rather than HKSE. Alibaba features an unusual corporate governance structure---“partnership”, a group of 27 insiders who will nominate a majority of board members. Jack Ma believes that this share structure, something that’s possible in New York, would allow him to keep effective control over Alibaba. However, Hong Kong’s Exchange does not allow any publicly listed company to have dual-class share structures. To get rid of the restrictions, Alibaba choose to list at the NYSE. What’s more, Alibaba Group is so confident in its numbers and willing to let the SEC p over them. Their strategies are to increase active buyers and wallet share, to expand categories and offerings and to develop cross-border commerce opportunities. This goal motivated the company to finish a great transformation in international market with the beginning in NYSE.

Alibaba, the selling shareholders and the underwriters named below have entered into an underwriting agreement with respect to the ADSs being offered-------Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, Morgan Stanley & Co. International plc and Citigroup Global Markets Inc. are acting as joint bookrunners of this offering and as the representatives of the underwriters. The underwriters will guarantee to offer part of the ADSs directly to the public at the public offering price and part of the ADSs to certain dealers at a price that represents a concession not in excess...