Alibaba Employees Are Getting Over $200,000 Each In Stock On Average
China Photos / Getty Images
Alibaba founder Jack Ma
Fortune's Shawn Tully reports the company has shelled out a tremendous amount of restricted stock and restricted stock units (which can be exchanged for shares when they vest) to its employees over the last 15 months.
Alibaba is expected to price the IPO at $66. Tully expects it to jump to $82.50 once trading stars. If that happens, he estimates that Alibaba has granted its employees what amounts to $250,000 in stock per person.
That's a crazy-big amount of money, especially considering, as Tully notes, that the average Chinese worker earns about $10,000 a year and executives make $85,000.
These huge grants will give employees a major incentive to stay with the company while they wait for the units to fully vest.
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