New York (dpa) – Big, Bigger – Alibaba. The Chinese online traders will write on the New York Stock Exchange history with a share debut on an unprecedented scale.
$ 21.1 billion (16.3 billion euros), the company will collect at the start, as from the Friday (local) published records indicate that Alibaba has filed with the SEC. First to be offered in a price range from 60 to 66 Dollar 320 million shares
But this is just the beginning. Due to additional rights, which has given Alibaba investment banks, might even up to $ 24.3 billion are redeemed . The company of Jack Ma – the richest Chinese, celebrated in his home country as a rock star – beating all previous IPOs worldwide and rises abruptly to one of the biggest titles on the U.S. stock market. The U.S. Internet giant Amazon and Ebay can dress warmly
Alibaba CEO Ma -. Nicknamed “the crocodile from the Yangtze River” – says investors but regardless of what she can expect from him. “Customers come first, employees second, and then the shareholders,” it says in a letter that was published with the prospectus. From common in the US-share cultural principle of “shareholder value”, which gives the increase in market value in the interest of speculators priority, Alibaba founder seems so not much to hold.
Anyway, Alibaba is on Wall Street be a rarity. Despite its sheer size – the company valued at up to $ 163 billion – it is relatively unknown outside of China. The group structure with several branches participation and discrete ownership is difficult for outsiders to see through. This is a point of criticism, attach the analysts repeatedly. Also, the SEC has the well-prepared stomach pain, otherwise the IPO would be done sooner.
Alibaba wants to complete the placement of the under the symbol BABA to companies listed on the New York Stock Exchange shares later this month. According to financial circles of the final issue price of the securities on September 18 could be set and then start trading. First, however, are so-called “road shows” planned, in which investors are courted.
Remove The largest Alibaba shareholder, the Japanese investment firm Softbank is his participation in the IPO of 34.1 to 32.4 percent. The second largest investor, the U.S. internet veteran Yahoo, reduced its share significantly from 22.4 to 16.3 percent. The participation of Alibaba founder Jack Ma and boss drops from 8.8 to 7.8 percent.
In China, which is considered the largest online market worldwide, Alibaba has a supremacy. Recently the company presented again a significant increase in sales and profit. Alibaba is the trading volume claims to be greater than Amazon or Ebay. 231 million buyers and eight million seller wound on the major platforms of the Group – Taobao, Tmall and Juhuasuan – last year business over $ 248 billion from
prospectus
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