The company will initially up to 21.1 billion Collect dollars (16.3 billion euros) of shareholders, by granted additional rights by investment banks it could be even up to 24.3 billion. This is clear from the post on Friday by the SEC prospectus.
According to be initially offered 320 million shares in a price range from 60 to 66 dollars. Since only a portion of the company is listed on the stock exchange, Alibaba is valued on this basis, a total of up to $ 163 billion. By comparison, the iPhone giant Apple, which is currently the most valuable company in the world, brings it to $ 592 billion
CIRCLES:. RATE SHOULD AM on September 18 BE FIXED
Alibaba would with but this assessment, 95 percent of the U.S. leading index S & P 500, surpassing companies. After Google and Facebook, it would be the third largest in America listed Internet companies. The biggest IPOs in the United States get the credit card company Visa in 2008, the automaker General Motors at its restart in 2010 and Facebook in 2012.
Alibaba wants to be company listed placement under the symbol BABA on the New York Stock Exchange complete stocks 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.
SOFTBANK, YAHOO AND COMPANY FOUNDER REDUCE SHARE
The largest Alibaba shareholder, the Japanese investment firm Softbank is, its participation reduce to 32.4 per cent on the IPO of 34.1. 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.
Last Alibaba presented again significant growth. Sales improved in the end of June completed first quarter year on year by 46 percent to 15.77 billion yuan (1.95 billion euros). The profit jumped to 12.34 billion yuan (1.52 billion euros) from 4.38 billion yuan a year earlier high.
immense TRADING VOLUME
Alibaba is the trading volume claims to greater as 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.
China is the largest online market in the world. Alibaba has a supremacy there. Three companies provide for years a race to the more than 600 million Internet users in China: Alibaba, Tencent and Baidu. While Alibaba is compared with Amazon, Tencent regarded as China’s Facebook and Baidu as China’s Google.
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