An Internet giant is positioning. Headquarters of Alibaba in Hangzhou
Alibaba has set the course for the largest IPO of all time, according to media reports: The Chinese online giant will offer its shares accordingly on Friday at the cost price of $ 68 on the New York Stock Exchange. The reported on Thursday the first “Wall Street Journal” and then the news service Bloomberg, citing informed sources.
Alibaba is aiming thus to a proceeds of $ 21.8 billion. If the investment banks involved in the placement exercise their subscription rights, the volume could reach $ 25 billion (19.3 billion euros). First, because only a part of the company is listed on the stock exchange, Alibaba is valued on this basis, a total of up to $ 168 billion.
More about
Never before has a company can collect more money from investors in its stock debut. Alibaba is the trading volume claims to be greater than Amazon or Ebay. One of the major trading centers of the Group include Taobao, Tmall and Juhuasuan. 231 million buyers and sellers wrapped eight million here last year about $ 248 billion from shops.
The investor demand for the Alibaba shares was so huge that the company had increased the upper end of the price range for its shares on Tuesday from 66 to $ 68 in advance of the IPO. The paper will be listed under the symbol BABA on the New York Stock Exchange.
Here you can purchase the rights to this article
<- ========= Confirmation page.! Will be loaded by JS if submission is successful === ============ ->
<-.! ==== ================== End Confirmation page ====================== ->
No comments:
Post a Comment