At long last, Alibaba Group has set terms for its mammoth IPO, filing an estimated price range of $60 to $66 for the 320,000,000+ ordinary shares it plans to list on the NYSE under the symbol BABA. At the range midpoint, the Chinese e-commerce giant would be valued at around $155 billion and could raise roughly $20.2 billion in the offering. Company stakeholders include PE firms like Silver Lake (pre-IPO stake of 2.5%). VC backers include Kleiner Perkins Caufield & Byers.
Alibaba’s largest shareholders are SoftBank and Yahoo, and post-offering, Softbank’s 34.1% holding could be diluted to 32.4%; Yahoo’s stake could drop from 22.4% to 16.3% upon selling nearly 122,000 shares. Alibaba had a gross merchandise volume of RMB1.8 billion ($296 billion) from 279 million buyers in the 12-month period ending June 30, 2014. Setting a price range has Alibaba on track to price by its September 18 target, setting up what is expected to be the biggest public debut in U.S. history.