Economy
Friday, September 19, 2014
The Chinese flag flies on Wall Street: The online company Alibaba celebrates a brilliant premiere at the New York Stock Exchange. The price of Alibaba shares jump on first trading well above the issue price. Even the Chancellor was impressed.
The mega IPO in New York has succeeded beyond all measure out: The Chinese online retailer Alibaba shares have at its initial listing on the New York Stock Exchange (NYSE) gained in the face of huge demand in the mid-double-digit percent range. The traded under the symbol “BABA” papers translated at the world’s largest IPO of all time to a price of $ 92.70 in the free trade one.
Shortly afterwards, the coveted paper approached with $ 99.70 temporarily at the 100-dollar mark before the course gave something back. The issue price of Alibaba shares was $ 68 and at the upper end of the placement margin. Experts had expected only at a price jump of 10 to 15 percent in advance. Overall, the Company issued 368 million shares. The volume of the IPO amounted to $ 25 billion
value profit. $ 62 billion
to close of trading were $ 93.89 on the exchange list. This corresponds to a rich premium of 38 percent. With the closing price of just under $ 94 Alibaba now comes on a notional market value of around $ 231 billion (equivalent to about 180 billion euros). That’s more than long-established U.S. corporations such as Walt Disney and Coca-Cola and again $ 62 billion more than the issue price.
The papers had already been issued to the maximum cost of 68 dollars. Investors pulled the company, which was founded 15 years ago by the English teacher Jack Ma, the shares of his hands. The proceeds from the IPO to go to two-thirds of the existing investors as the U.S. Internet giant Yahoo, which occupies only $ 8 billion from the sale of Alibaba shares. Biggest Alibaba shareholders remains Japan’s Softbank with 32 percent who as planned did not separate in the course of the IPO of its shares.
Delayed initial listing
Given a flood of buy orders, it took almost two and a half hours before the New York Stock Exchange at all could be called a first course. Many investors who were left empty-handed in the allotment, the title would seem to have at almost any price in their portfolios.
In particular, non-institutional investors were active in the Alibaba shares, watched Ian Winter of Wedbush. There have been numerous small-scale transactions. Institutional also had purchased, but not overly aggressive, he said. The papers of Yahoo, one of the largest shareholders of Alibaba, fell back 2.7 percent. They had risen sharply in the run-up to the IPO
“This is the biggest IPO, the world has ever seen, so there is a festive mood on the floor – whether you like it or not”., Dealers said Benedict Willis of Sunrise Securities.
With the volume reached $ 25 billion is the Chinese retail giant actually managed the largest share IPO of all time: The previous record had since 2010, the Chinese AgBank held with $ 22.1 billion, was in New York the credit card company Visa replaced as the record holder.
Three times more than Twitter
The purchase orders for Alibaba shares were three times as high as the stock market debut of Twitter and 70 percent of the order volume of Facebook said a market strategist of large stockbroker TD Ameritrade
The big event attracted speculative-term investors from all directions., an investor who had ordered 200,000 shares, said he had been allocated only 1000 pieces. He was ready, if possible at 75 buy additional up to $ 85, but will sell for $ 90 again.
Merkel refers to Alibaba
The IPO of a Chinese conglomerate in New York attended by around the world for attention. In Germany, Chancellor Angela Merkel was to recognize that can be regarded as a sign of a new era developments on Wall Street: “If today held the IPO of Alibaba, this indicates but that the world does not sleep that Chinese large enterprises already global player, “she said at the National Association of German craftsmanship. The rival Amazon and eBay have already overtaken the Chinese at market value.
E-commerce experts see Alibaba on par with Facebook and Google. Ma had convinced the investors in his promotional tour: “That was one of the more impressive presentations,” said Jerry Jordan, who manages the 48 billion dollar Jordan Opportunity Fund. “I did not realize how successful they are.”
Huge market share in China
15 years after its founding in Mas one-room apartment wrapped Alibaba more business from the Amazon and Ebay together. About 80 percent of online sales in China, the second largest economy in the world, go to the account of Alibaba. From April to June shot sales by 46 percent up, and unlike many Internet companies, the company writes profit. $ 1.99 billion it had in the three months of early summer quarter
A large number of managers and software professionals in Alibaba are the step to the stock market millionaires. Only billionaire Ma collected almost $ 900 million. “I do not want to disappoint the shareholders,” the company’s founder, said on CNBC. “I want to make sure they make money.” Biggest Alibaba shareholder is the Japanese Softbank with 32 percent, but has now separated from any share.
straining the Nyse
At the start of trading in the morning (New York time) let founder Ma demonstratively its clientele precedence. Instead of pressing even the opening bell of the New York Stock Exchange (NYSE), let Ma eight Alibaba customers usher trading on Wall Street
The Chinese Internet billionaire waiting in black jacket and blue shirt on the trading floor to the first listing of Alibaba shares. Experts had expected in advance only at a price jump of 10 to 15 percent
The New York Stock Exchange Nyse had prepared for the onslaught. She let their systems tested in two test runs in its paces, to no failure to experience how the U.S. Nasdaq two years ago at the first listing of Facebook. At that time the trade under the flood of orders was almost collapsed. The courses were delayed for hours, many investors lost money. Therefore Alibaba had opted for the Nyse as a stock exchange.
combination of Amazon and Ebay
the company hopes access to a much larger number of investors in the United States. According to the leading US-stockbroker TD Ameritrade order volume for Alibaba reached on Friday before the first course over two-thirds of buy orders on the first trading of Facebook – and three times the volume at Twitter
Read more about
Many investors had assumed disappointed or empty in the allocation of Alibaba shares. An investor said he had 200,000 papers for $ 13.6 million ordered, but received only 1,000. 35 to 40 investors, including the fund giant BlackRock had each ordered for more than a billion dollars Alibaba papers, as it was known in financial circles.
The online retailer is often described as the Chinese version of Amazon and Ebay described because it combines features of both providers. He operates among others, the most popular Chinese online trading platform, Taobao. The platform has 500 million users and estimated a market share of more than 90 percent in sales between private individuals.
Ma said in an interview with the financial news channel CNBC, he felt “very honored” and was “very excited “. The IPO will give Alibaba another growth spurt. “We have a dream,” he said. “We hope that people say in 15 years that this was a company like Microsoft, like IBM.” He also gave out the ambitious goal of “greater than Walmart” to be. The US-based Walmart is – in terms of sales -.’s Largest retailers in the world
Source: n-tv.de
No comments:
Post a Comment