Alibaba "Green Shoes" Financing 25 Billion U.S. Dollars To Reach The World's Largest

Alibaba group announced on the evening of 22,

The underwriters of IPO have exercised over allotment rights, and the IPO financing amount has reached US $25 billion 30 million.

This means that the IPO of Ali has refreshed the scale of IPO financing worldwide.

Previously, the largest IPO financing scale in the world was created by the Agricultural Bank of China in 2010. After the exercise of over quota allotment in full, the Bank of agriculture IPO raised $22 billion 100 million in A shares and H-shares.

The system of excess allotment is also known as "

"That is, within 30 days from the date of stock listing, the Underwriters may choose to share the shares at the same issuing price by 15% (usually not more than 15%).

"Green shoe mechanism" can play a role in stabilizing the price of new shares, because the Boston green shoe manufacturing company, IPO, was named after its first use.

According to the prospectus previously disclosed, the Alibaba IPO issued 320 million shares of the US depositary shares (ADS), and Ali also granted the Underwriters the highest 48 million shares of the US depositary shares.

Alibaba 19 days in

The market opened at $92.7 per share, up 36.3% from the 68 dollar issue price and ended at $93.89.

At the closing price of the day, Alibaba's market value reached US $231 billion 400 million, becoming the second largest market value Internet Co in the world after Google.