CORRECTING and REPLACING Alibaba Group Announces Pricing of Initial Public Offering
September 18 2014 - 09:14PM
Business Wire
First paragraph, first sentence of release should read: Alibaba
Group Holding Limited (“Alibaba Group”) (NYSE:BABA) today announced
the pricing of its initial public offering of 320,106,100 American
depositary shares (“ADSs”), each representing one of its ordinary
shares, at a price to the public of US$68 per ADS for a total
offering size of approximately US$21.77 billion, assuming the
underwriters do not exercise their option to purchase additional
ADSs (instead of: ... a total offering size of approximately
US$21,770,000 billion).
The corrected release reads:
ALIBABA GROUP ANNOUNCES PRICING OF INITIAL PUBLIC
OFFERING
Alibaba Group Holding Limited (“Alibaba Group”) (NYSE:BABA)
today announced the pricing of its initial public offering of
320,106,100 American depositary shares (“ADSs”), each representing
one of its ordinary shares, at a price to the public of US$68 per
ADS for a total offering size of approximately US$21.77 billion,
assuming the underwriters do not exercise their option to purchase
additional ADSs. The ADSs are expected to begin trading on the New
York Stock Exchange on September 19, 2014, under the symbol “BABA.”
Alibaba Group is offering 123,076,931 ADSs, and the selling
shareholders are offering 197,029,169 ADSs.
In addition, Alibaba Group and certain of the selling
shareholders have granted the underwriters a 30-day option to
purchase up to an additional 48,015,900 ADSs.
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 serving as joint book runners for the
offering.
A registration statement related to these securities has been
filed with, and declared effective by, the United States Securities
and Exchange Commission. This press release shall not constitute an
offer to sell or a solicitation of an offer to buy, nor shall there
be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
The offering will be made only by means of a prospectus. Copies
of the prospectus related to the offering may be obtained by
calling the following toll-free numbers: (1) Credit Suisse
Securities (USA) LLC at 1-800-221-1037, (2) Deutsche Bank
Securities Inc. at 1-800-503-4611, (3) Goldman Sachs (Asia) L.L.C.
at 1-866-471-2526, (4) J.P. Morgan Securities LLC at
1-866-803-9204, (5) Morgan Stanley & Co. International plc at
1-866-718-1649 and (6) Citigroup Global Markets Inc. at
1-800-831-9146 (calling these numbers is not toll free outside the
United States).
For investor and media inquiries:Alibaba
GroupFlorence Shih, +852 2215
5114florenceshih@hk.alibaba-inc.comorRobert H. Christie,
917-860-9410bob.christie@alibaba-inc.com
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