Alibaba IPO: Jack Ma disappoints investors by missing London roadshow

 
Joe Hall
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Roadshow no show: Jack Ma (Source: Getty)
Jack Ma left capital-based investors disappointed by failing to turn up for the London leg of Alibaba’s international roadshow this afternoon.
Alibaba was in town this afternoon ahead of its much-anticipated IPO, widely expected to be the biggest in history, but company founder and chairman Jack Ma was not present.
In an attempt to win over investors in the company, which recorded revenue of 15.77bn yuan in its most recent quarterly earnings, Mr Ma has made appearances in New York, Boston, Hong Kong and Singapore.
Unfortunately, potential London investors at the event in Bishopsgate in the City did not get the chance to put their questions to the eccentric chairman, with more junior executives taking his place.
Such is the level of interest in Alibaba, the e-commerce giant raised its indicated price range earlier this week to between $66 and $68 per share.
Alibaba is expecting to raise $25bn when it lists on the New York Stock Exchange, giving it a valuation of $168bn.

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