Alibaba group launches hong kong initial public offering november 14, 2019 05. Hong kong stock exchange listing prospectus prospectus. Our team knows the intricate details of listing on. We are offering 123,076,931 american depositary shares, or adss, and the selling shareholders. During this period, investors transition from relying on the mandated disclosures and prospectus to relying on the market forces for information regarding their shares. Following our ipo, you will receive a letter like this one each year in our. Prospectus definition of prospectus by merriamwebster. Alibaba group and ant financial announce completion of.
Tencent music entertainment group, or the company, has filed a registration statement on form f1, including a prospectus with the securities and exchange commission, or the sec, for the offering to which this free writing prospectus relates. In the ipo category, the ipo of the familyowned company knorrbremse was the most impressive. Alibaba group today announced the launch of its hong kong public offering. This is an initial public offering of shares of class a common stock of endeavor group holdings, inc.
Alibaba group will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ads holders upon. Alibabas prospectus carries a stark message for investors. Prospectus sets out their ownership of the in the capital. Alibaba launches hong kong initial public offering. Hangzhou, china, november 15, 2019 alibaba group holding. Ping an healthcare and technology company limited ipo stock code. As disclosed in detail in alibaba groups prospectus for its initial public offering in september 2014 the ipo, in connection with the restructuring, alibaba group and ant financial entered into a share and asset purchase agreement the sapa, and entered into or amended certain ancillary agreements in august 2014, which together. View notes alibaba preliminary prospectus sep 08 from finance 651 at st. Subject to the level of any oversubscription in the public retail offering and pursuant to the clawback mechanism as described in the prospectus alibaba issued in hong kong, the total number of shares available under the public retail offering could be adjusted to up to a maximum of 50,000,000 new shares, representing 10. Hong kong stock exchange listing prospectus listing requirements for hkex hong kong exchanges our team of attorneys and consultants can draft your prospectus specifically for listing on any of the worlds major stock exchanges. We are offering american depositary shares, or adss, and the selling shareholders named in this prospectus are offering adss. You must read the following disclaimer before continuing.
The ecommerce behemoth alibaba filed in the united states on may 6 to sell stock to the public for the first time. This is a free online application service with no additional charges to the applicant. This document, which comprises a prospectus relating tolucecoplcprepared in accordance with the prospectus rules made under section 73a of the fsma, has been approved by the fca i. A new alibaba ipo date has been released baba stock will begin trading on the nyse on sept.
On friday, alibaba group filed new documents with the securities and exchange commission detailing a price range for its longawaited ipo. The final stage of the ipo process, the transition to market competition, starts 25 days after the initial public offering, once the quiet period mandated by the sec ends. Alibaba claims title for largest global ipo ever with. Report of foreign issuer rules a16 and 15d16 of the securities exchange act. Apr 11, 2019 uber filed its longawaited ipo prospectus on thursday, giving the world a look under the hood at its key business metrics as the most valuable private company prepares to enter the public market. As alibabas ipo approaches, founder jack ma pens letter. Alibababacked chinese ai firm megvii files for hong kong ipo. While the prospectus is more than 300 pages long, it still. This is an initial public offering of shares of common stock of etsy, inc. Alibaba ipo ranks as worlds biggest after additional shares.
Ipo of alibaba alibaba group initial public offering. Below chart shows a quick comparison of alibaba with the tech ipos in us. The offer contained in this prospectus is an initial public offering to acquire fully paid ordinary shares in the company shares. Alibabas longawaited ipo is finally around the corner, making this a good time to take a look at just how an ipo works. Prior to making an investment decision, prospective investors should carefully consider all of the information set out in this prospectus, and in particular, the risk factors set out in the section headed risk factors. We are offering american depositary shares, or adss, and the selling. Prior to this offering, there has been no public market for the class a common stock. Alibaba group holding limited exact name of registrant as specified in its charter cayman islands jurisdiction of incorporation or organization co alibaba group services limited 26f. Chinese startup pinduoduo prepares to go public in u. If alibaba s investment banks were to exercise their option to sell an additional 48 million shares, it could make alibaba s ipo the biggest in the world. The long runup to chinese online commerce giant alibabas blockbuster public offering has been punctuated by numerous updates to the. These businesses were pioneers as they provided access to a new growing.
Showing admirable timing, the world market leader in braking systems for rail and commercial vehicles managed to pull off the secondlargest ipo in germany, at just under eur 4 billion. This preliminary prospectus is not an offer to sell these securities and it is not. The application period for the hong kong public offering of shares for alibaba group holding limited is from 09. As the alibaba partnerships director nomination rights are categorized as a weighted voting. There a numerous requirements and rules that vary from exchange to exchange. The following disclaimer applies to the preliminary prospectus attached to this email. Registration statement general form form s1 filing table of contents documentexhibit description pages size 1. Etsy is offering,333,333 shares of common stock to be sold in the offering. In an initial public offering a company issues stock to the. We are offering 123,076,931 american depositary shares, or adss, and the selling shareholders named in this prospectus, including yahoo, one of our principal shareholders, jack ma, our executive chairman, and joe tsai, our executive vice chairman, are.
Accordingly, at the current proposed pricing and valuation, my opinion is to avoid the ipo. Asignificantnumberofthese companieshaveemployedanovel,but. Shares representing ordinary shares alibaba group holding limited this is the initial public offering of alibaba group. Alibaba group will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ads holders upon request. This is the initial public offering of alibaba group holding limited, or alibaba. The exact size of alibaba ipo has been closely guarded. After the excitement of fridays initial public offering, shares in alibaba, chinas biggest ecommerce company, slipped back a bit on monday. Incorporated in the republic of singapore on 1 june 2017 company registration number. Currently there is no ipo on offer using the white form eipo service. Facebook releases ipo prospectus and roadshow video. If alibabas investment banks were to exercise their option to sell an additional 48. This prospectus is also available to australian and.
Sep 22, 2014 according to its prospectus, alibaba had agreed to sell 26. All of the shares of class a common stock being offered are being sold by the company. The more than 600page prospectus published on saturday did not include details of how much of. The prospectus is a marketing document primarily and so falls within the remit of the investment banker rather than lawyers or accountants. Saudi aramco prospectus flags risks, gives few details on ipo.
Alibaba group ipo prospectus form 424b4 dated september 18, 2014, adapted by. Structure of the global offering and how to apply for hong kong public offer shares in this prospectus. Nov 14, 2019 alibaba group today announced the launch of its hong kong public offering. Alibaba group holding limited this is the initial public offering of alibaba group holding limited, or alibaba group. The roadshow site also hosts the prospectus for investors embedded below. Alibaba group holding limited exact name of registrant as specified in its charter cayman islands jurisdiction of incorporation or organization co alibaba group services limited 26f tower one, times square 1 matheson street, causeway bay hong kong address of principal executive offices timothy a. This prospectus is issued by prospa group limited acn 625 648 722 prospa group or the company for the purposes of chapter 6d of the corporations act 2001 cth corporations act. Ipo process a guide to the steps in initial public. Prospectus definition is a preliminary printed statement that describes an enterprise such as a business or publication and that is distributed to prospective buyers, investors, or participants. Alibaba plans to expand its business in the us and europe, where it is not widely. Saudi aramco prospectus flags risks, gives few details on.
Alibaba group launches hong kong initial public offering. The more than 600page prospectus published on saturday did not include details of how much of the company would be. Knorrbremse received the prize for the best ipo of 2018. This is the initial public offering of alibaba group holding limited, or alibaba group. Alibabas ipo success witnessed a wave among chinese internet companies to raise capital in u. Related information quarterly earnings press releases hkex filings.
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