Alibaba announced last year and have already agreed to an 8:1 stock split. This would allow the share price to be traded from the high 20's mid 30's at the split. The stock split has to take place before July 15th. When it does finally split it will help attract investors due to the low cost per share and drive the stock upwards to new highs. Ordinary shares available would jump from 4 billion to 32 billion.