On Friday, the long-awaited Alibaba Group Holding Ltd BABA IPO debuted on the New York Stock Exchange. Shares of Alibaba opened the trading session at $92.70 and quickly spiked to a high print of $99.70. Sellers out-weighed buyers at this price and drove the stock down to $90 level support which did hold the remainder of the trading session. Alibaba shares closed the first day of trading at $93.89 up 38% from the original IPO price of $68 per share.
Companies and individuals involved in today's IPO are as follows:
Market News and Data brought to you by Benzinga APIsShareholder | Shares (%) Prior to Offer | Shares Sold Thru IPO | Remaining Shares (%) |
---|---|---|---|
Softbank | 797.74M (34.1%) | 0 | 797.74M (32.4%) |
Yahoo | 523.56M (22.4%) | 121.73M | 401.82M (16.3%) |
Jack MA | 206.10M (8.8%) | 12.75M | 193.35M (7.8%) |
Fengmao Investment Corp. | 66.45M (2.8%) | 14.28M | 52.16M (2.1%) |
Joseph Tsai | 83.49M (3.6%) | 4.25M | 79.24 M (3.2%) |
Silver Lake Affiliated Entities | 58.92M (2.5%) | 4.1M | 54.82M (2.2%) |
Yunfeng Affiliated Entities | 34.81M (1.5%) | 6.52M | 28.28M (1.1%) |
CITIC Capital Excel Wisdom Fund, L.P | 25.80 (1.1%) | 4.91M | 20.89M (0.8%) |
Broad Sino Developments Limited | 10.96M (0.5%) | 5.48M | 5.48M (0.2%) |
Prosperous Wintersweet Limted | 10.51M (0.5%) | 1.05M | 9.46M(0.4%) |
Certain Current Employees As A Group | 79.59M (3.4%) | 12.45M | 67.13M (2.7%) |
Certain Former Employees As A Group | 21.40M (0.9%) | 3.11M | 18.29M (0.7%) |
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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