Ali Reserved 6% Shares For Staff And Friends To Subscribe

Alibaba has made substantial progress in the US IPO.

According to foreign reports, Alibaba will meet with investors in New York to open a roadshow for about two weeks.

In the updated version of the prospectus submitted to the US Securities Regulatory Commission (SEC) on the morning of September 6th Beijing, the Alibaba first decided that its pricing range was 60~66 USD / share, and it was estimated that Ali was valued at 154 billion 200 million ~1698 billion.

YAHOO will sell 4.9% of the total share capital of Ali, chairman of the board of directors Ma Yun and executive vice chairman of the board of directors Cai Chongxin will sell some of the shares to protect the interests of the old shareholders.

On the basis of the original 27 partners, this time added another 3 people, namely Cai Jingxian of Ali cloud technology team, Ni Xing Jun of the small micro gold group technical team, and Fang Yongxin of the human resources and organizational culture team.

The Alibaba included a targeted share allocation plan in the IPO, which reserved nearly 6% of the shares and allowed its employees and close contacts with the company to subscribe at the offer price, the so-called directed shares program.

It is understood that this employee benefits in the previous Jingdong and micro-blog and other stocks were listed when it was used.

In addition, the new prospectus published an open letter to investors by Ma Yun, the 24 mentioned in the letter "ecosystem".

According to the latest news, Alibaba will finalize the IPO price on the 18 day, and the stock market will be officially traded on the 19 th, but the news has not been officially confirmed by Ali.

The prospectus shows that the Alibaba will issue about 123 million shares of American Depositary Shares (ADS) in the new IPO, and Alibaba group shareholders will offer 197 million shares at the time of IPO, of which Ma will offer 12 million 750 thousand shares, accounting for 0.5% of the total shares of Alibaba group, and Cai Chongxin will also offer 4 million 250 thousand shares.

The total share capital of Alibaba will rise to about 2 billion 571 million shares after the issuance, and the stock price range will be 60~66 US dollars, with a maximum market value of US $169 billion 800 million.

By then, Alibaba will become the third largest Internet Co in the world after Google and Facebook.

Analysts believe that, in the case of large shareholders generally reluctant to sell, Alibaba had to issue more new shares to meet the public shareholding requirements, Ma Yun and Cai Chongxin's offer can reduce the number of new shares issued, so as to ensure that the interests of the old shareholders are not diluted too much.

According to the agreement, the US YAHOO will sell 4.9% of the total shares of Alibaba group. After the completion of the sale of shares, the US YAHOO will still hold about 16.3% of the Alibaba group, and Japan Softbank will not sell shares.

If the highest price of $66 is calculated, YAHOO will cash 8 billion 34 million dollars.

According to the analysis of the industry, the proportion of Alibaba's original shareholders selling on the stock market is relatively low, indicating that shareholders are optimistic about the future development of the company.

Alibaba's second quarter earnings report recently revealed that its mobile end revenue grew by more than 9 times, and its net profit was 7 billion 300 million yuan, an increase of 60% over the same period last year.

Strong growth momentum gives investors confidence.

In addition to the original shareholders, the prospectus was also disclosed for the sale of shares of institutional investors that Alibaba group had introduced in the IPO.

Prospectus shows that China Investment Corp (hereinafter referred to as "CIC") has about 66 million 452 thousand shares of Alibaba group common stock, accounting for about 2.7% of the total number of Alibaba group shares. In this IPO, CIC will sell about 14 million 286 thousand shares, accounting for 0.6% of the total number of shares of Alibaba group.

CIC will cash around us $940 million according to the $66 ceiling of the announced offer price.

In the Alibaba's equity repurchase program in September 2012, CIC had subscribed for about $1 billion at that time.

The latest prospectus shows that the current book value of the investment is nearly US $5 billion.

That is to say, in a full two years, the investment income of CIC is as high as 400%.

In addition, China Development Bank and CITIC Capital, which share the same stake with Alibaba, will sell 0.2% of Alibaba's total shares respectively.

The latest prospectus revealed that on the basis of the original 27 partners of Alibaba, another 3 new people were involved this year, involving cloud computing, finance and corporate culture.

The new partners are Cai Jingxian, the technical team of Ali cloud technology group and the group of small and micro gold group.

Legendary architect Ni Xing Jun, and Fang Yongxin, a human resource and organizational culture team, nicknamed "cannon".

It is worth mentioning that the new 3 partners in the internal vote almost all passed, Ni Xing Jun and Cai Jing are now technology Daniel, Fang Yongxin is the director of human resources, they are not the president of a business.

Alibaba chief talent Officer (CPO) Peng Lei explained that the partnership system and management system are slowly separating naturally, and there are many powerful people on the business line who are in charge of very important businesses, but they will not necessarily become partners. "These three partners are naturally born."

When the "great battleships" of the mission of "let the world have no difficulty in doing business" are about to sail to the sea, his helmsman Ma Yun made a letter to investors in the prospectus, answering questions about the nature of the company, mission, vision, corporate governance, business models, challenges and priorities.

The letter also marked the overall speed of the listing process of Ali.

In this letter, Ma mentioned the 24 time.

The "ecosystem" says that Alibaba is not a company created by several miraculous founders. It is an ecosystem composed of thousands of participants who believe in the future and believe that the Internet can make the business society fairer, more open and pparent.

All decisions of the company will be used to ensure the long-term healthy development of the ecosystem, rather than making decisions based on short-term fluctuations in revenues or profits. Companies aspire to long-term investors rather than short-term ones.

Fried author.

At the same time, Ma also admitted that he himself is a controversial founder, and Alibaba, a large Internet Co from an ancient oriental civilization, has entered a global perspective. It will also collide with culture, values, laws, and even geopolitics. It will be challenging to build a future oriented ecosystem.