September 19, 2014
Chinese to visit on Wall Street: Alibaba founder Jack Ma (center) with his leadership team. Photo: REUTERS
The IPO of the Chinese retail giant Alibaba provides a tremendous hype. Here, memories of the IPO network Facebook two years ago are awake.
Nervous sparkled tip the dealers up and down the hall of the New York Stock Exchange Nyse. Photographers jostled in the crowd looking for the best snapshot. And before the stock market, which was specially decorated for the occasion, posed Alibaba founder Jack Ma and his management team. He was in high spirits and was – typical of him -. Photographed in silly poses
The IPO of the Chinese retail giant Alibaba remembered on Friday in much the IPO of network Facebook before two years. At that time even broke the server concurrent Nasdaq together, perhaps chose Alibaba founder Ma and therefore the Nyse.
Waiting for the IPO was also on Friday to thrill. The start of trading was delayed still further (and was after the editorial deadline of this issue). But everything pointed out that the expected record, the largest IPO in history, also arrives. The issue price for the shares was set at $ 68. Thus, the offer price range was fully utilized. The issue volume will amount to at least $ 21.8 billion. Alibaba is from a standing start to a market capitalization of $ 167.6 billion, surpassing Ebay and Amazon. If there are further papers on the market in the course of an over-allotment option, Alibaba would surpass the record $ 25.02 billion IPO of Agricultural Bank of China from 2010 ($ 22.1 billion).
The investor demand for the Alibaba shares was in advance of the IPO huge. It was distinguished from one opening 84-87 dollars. That would be a premium of around 25 per cent on the issue price. The paper quoted under the symbol BABA on the Nyse
“This is a paradox. A Chinese company goes public, and Chinese can not bid. “
A Chinese criticized the Internet strict capital controls that prevent the Alibaba investment.
And that is perhaps even appropriate, because even as regards the volume of business, the Chinese company founded in 1999 is already larger than Amazon and Ebay claims to be. In addition, the Group is also highly profitable: in the second quarter of 2014 alone, Alibaba took almost two billion dollars in profit. Last year, the company achieved sales of nearly $ 250 billion, mainly on platforms such as Taobao, Tmall and Juhuasuan. Among all possible Alibaba.com goods are now also offered worldwide.
headquarters of Alibaba. Photo: REUTERS
Total Alibaba employs 25,000 people and has about 300 million customers. Some sources even write of 500 million people. However, Alibaba has so far been relatively unknown outside China. The group structure is extremely convoluted and therefore difficult to see through. In addition, Western analysts criticize the concentration of power in the narrow leadership circle to founder Jack Ma.
The Empire billion China is developing rapidly. Among other things, thanks to its population of nearly 1.4 billion people, the People’s Republic has already taken the world leader in many areas. Some of them are:
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Still the demand for the shares prior to the IPO in the United States and other countries was enormous. This led to the Group, the upper limit for the issue price at the last minute again increased
but Ironically, the majority of Chinese private investors could not access. Due to strict capital controls in China it is the most Chinese namely not possible to buy shares in foreign countries. A user criticized online: “It’s a paradox: A Chinese company goes public, and Chinese can not bid.”
founder Ma conceded by the IPO of 900 million dollars. Can look forward to a windfall, other shareholders as the Japanese Softbank, which held 34.1 percent of Alibaba shares before the IPO and the U.S. Internet pioneer Yahoo, which included at least 22.4 percent stake in the Chinese company.
Bizarre
Translation : The Chinese Internet giant Alibaba sets apparently at its German website only little importance to a correct translation – and has lots of quirky products with some very amusing article descriptions. It seems as if the entire site was being chased through the Google translator.
Cool nuts: Because of the original body parts for cars (english: body parts) quickly once “body parts”. The user can also happen that he finds in his virtual shopping cart “cool nuts made in china” (nuts) or “napkins plum blossom” (sanitary napkins). The list could be continued for long, because at Alibaba.com there is obviously nothing you can not buy. dpa
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