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The Firm represented Goldman Sachs, Morgan Stanley and Deutsche Bank, as representatives of the international underwriters, in connection with the Hong Kong initial public offering and Rule 144A / Regulation S offering of 972,579,000 ordinary shares of Alibaba.com Limited (“Alibaba”) by Alibaba and its parent company, Alibaba.com Corporation (“Alibaba Group”), as selling shareholder. The offering, including the full exercise of the over-allotment option, raised approximately HK$13.1 billion (US$1.7 billion) for Alibaba and Alibaba Group, making it the largest Internet IPO since Google’s in 2004. The Hong Kong offering drew a record HK$453 billion (US$58.8 billion) in retail orders, making it more than 258 times oversubscribed. Alibaba is the leading B2B e-commerce company in China, and Alibaba Group operates a number of Internet-related businesses, including software development, online shopping, online payment services and classified advertising services

The Simpson Thacher team for the transaction included Leiming Chen, Bill Hinman, Daniel Fertig, Kevin Zhang, Caitlin Gall, Frank Chen (Corporate) and Wei Cui (Tax) with paralegal assistance from Jane Lee (Hong Kong).