Alibaba releases IPO lock-up shares
Alibaba.com (HKSE1688) announced last week that its eight main investors are now free to trade their Alibaba’s shares in the stock market, five months earlier than the planned schedule.
Aliuser at Alirens.com learnt that investors include Yahoo Inc, AIG Global Investment Corp., Cisco Systems International BV, Industrial & Commercial Bank of China Ltd, Baldonna Investments Ltd., Hongeybush Ltd., Finawood Investments Ltd., and Foxconn (Far East) Ltd.
According to aastocks.com, after waiving lockup agreement, volume of unrestricted public float of Alibaba will increase by about 14% while stock’s free float will represent about 25% of total shares issued, up form about 22%..
The Busness to Busines (B2B) eCommerce platform is now trading in the range of HK$13.50 to 14.50 per share.
Alibaba-group
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