Alibaba Group Holding Limited (NYSE:BABA) today confirmed the upcoming
expiration of the 180-day lock-up period in March 2015 in connection
with its initial public offering completed in September 2014 (the “IPO”).
In light of press stories containing different expiration dates that
have recently come to Alibaba Group’s attention regarding the lock-up
period ending in March 2015, Alibaba Group confirms that, approximately
437 million ordinary shares (including approximately 8 million
restricted share units and share options that vested after the IPO)
subject to the 180-day lock-up period described in Alibaba Group’s IPO
prospectus will be available for sale to the public commencing March 18,
2015. Of these ordinary shares that will no longer be subject to the
180-day lock-up starting from March 18, 2015, approximately 100 million
shares will nevertheless remain subject to Alibaba Group’s employee
trading restrictions until after the announcement in May 2015 of its
earnings results for the quarter and fiscal year ending March 31, 2015.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The
company is the largest online and mobile commerce company in the world
in terms of gross merchandise volume. Founded in 1999, the company
provides the fundamental technology infrastructure and marketing reach
to help businesses leverage the power of the Internet to establish an
online presence and conduct commerce with hundreds of millions of
consumers and other businesses.
Alibaba Group’s major businesses include:
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Taobao Marketplace (www.taobao.com),
China’s largest online shopping destination
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Tmall.com (www.tmall.com),
China’s largest third-party platform for brands and retailers
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Juhuasuan (www.juhuasuan.com),
China’s most popular online group buying marketplace
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Alitrip (www.alitrip.com),
a leading online travel booking platform
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AliExpress (www.aliexpress.com),
a global online marketplace for consumers to buy directly from China
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Alibaba.com (www.alibaba.com),
China’s largest global online wholesale platform for small businesses
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1688.com (www.1688.com),
a leading online wholesale marketplace in China
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Alibaba Cloud Computing (www.aliyun.com),
a provider of cloud computing services to businesses and entrepreneurs
Copyright Business Wire 2015