Tags: Alibaba | Soros | Fidelity | Shareholders

Alibaba Attracts Soros, Fidelity as Shareholders, Filings Show

Saturday, 15 Nov 2014 07:40 AM

Investors including Soros Fund Management LLC, Fidelity Investments and Third Point LLC reported stakes in Chinese e-commerce company Alibaba Group Holding Ltd.

The disclosures, made in filings that showed holdings as of the end of the third quarter, give an indication of Alibaba’s shareholder base following its initial public offering on Sept. 18. Hangzhou, China-based Alibaba raised a record $25 billion in the IPO and its stock has soared 69 percent since it debuted at $68 a share, with shares closing Friday at $115.10.

Fidelity Investments has one of the larger stakes, with 23.6 million Alibaba shares that were valued at $2.1 billion, according to a filing. Viking Global Investors LP had 11.4 million Alibaba shares with a $1 billion market value.

George Soros’ fund owned 4.4 million shares that had a market value of $390.9 million, while Leon Cooperman’s Omega Advisors Inc. bought about $36 million of Alibaba. Third Point purchased 7.2 million shares with a market value of $639.7 million and Tudor Investment Corp. acquired 520,750 shares, worth $46.3 million.

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Investors including Soros Fund Management LLC, Fidelity Investments and Third Point LLC reported stakes in Chinese e-commerce company Alibaba Group Holding Ltd.The disclosures, made in filings that showed holdings as of the end of the third quarter, give an indication of...
Alibaba, Soros, Fidelity, Shareholders
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2014-40-15
Saturday, 15 Nov 2014 07:40 AM
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