Alibaba Reports Approx. $25.03 Bln In Gross Proceeds From IPO - Quick Facts

(RTTNews) - Alibaba Group Holding Limited (BABA) announced that the underwriters of its previously announced initial public offering have exercised in full the option to purchase an additional 48,015,900 American depositary shares from Alibaba Group and certain selling shareholders. Each ADS represents one ordinary share of Alibaba Group and was sold at the price to the public of $68.00 per ADS.

Alibaba Group and the selling shareholders raised a total of approximately $25.03 billion in gross proceeds from the initial public offering, after the underwriters' exercise in full of the option to purchase additional ADSs.