Deals
Alibaba Investors Aren’t Fazed as IPO Lockup Expiration Looms
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Early investors in Alibaba Group Holding Ltd. will be allowed to start paring back their holdings tomorrow. So far, this hasn’t spooked shareholders.
An agreement preventing 8.1 million Alibaba shares held by insiders from being sold expires tomorrow. Although this sometimes drives down the price of newly public corporations, the Alibaba lockup only represents 1.6 percent of shares currently eligible to trade.