Alibaba Confirms Expiration Date Of IPO Lock-up In March 2015

BEIJING (dpa-AFX) - Alibaba Group Holding Limited (BABA) confirmed the upcoming expiration of the 180-day lock-up period in March 2015 in connection with its initial public offering completed in September 2014.

Alibaba Group confirms that, about 437 million ordinary shares (including approximately 8 million restricted share units and share options that vested after the IPO) subject to the 180-day lock-up period described in Alibaba Group's IPO prospectus will be available for sale to the public commencing March 18, 2015.

Of these ordinary shares that will no longer be subject to the 180-day lock-up starting from March 18, 2015, approximately 100 million shares will nevertheless remain subject to Alibaba Group's employee trading restrictions until after the announcement in May 2015 of its earnings results for the quarter and fiscal year ending March 31, 2015.

Copyright RTT News/dpa-AFX