Alibaba says March 18 lockup expiry will free up 437 million shares
March 11, 2015 7:19 am
The180-day post-IPO lockup of Alibaba Group Holding Ltd expires March 18, allowing about 437 million shares or roughly 18% of the company to be sold publicly.
The company said that total about 100 million shares will remain subject to trading restrictions that apply to employees, until after the company announces quarterly results in May.
The material has been provided by InstaForex Company – www.instaforex.com
The180-day post-IPO lockup of Alibaba Group Holding Ltd expires March 18, allowing about 437 million shares or roughly 18% of the company to be sold publicly.
The company said that total about 100 million shares will remain subject to trading restrictions that apply to employees, until after the company announces quarterly results in May.
The material has been provided by InstaForex Company – www.instaforex.com