Alibaba announces share price as it gears up for biggest IPO in history September 18, 2014 Tomorrow morning Alibaba will list on the New York Stock Exchange, in what could prove to be the biggest IPO in history. The Chinese e-commerce company has valued its shares at between $66 and $68 – an increased range that would give it a valuation of around $165bn at the midpoint. Analysts believe it [...]
Alibaba IPO: Jack Ma disappoints investors by missing London roadshow September 17, 2014 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 [...]
Alibaba raises share price in advance of IPO September 16, 2014 In advance of its New York IPO on Friday, Alibaba has raised its share price from $60-$66 to $66-$68 per American depositary share. The move is in response to a higher than expected demand for the Chinese e-commerce group's stock market. It pushes up the company's potential value to as high as $21.8bn. According [...]
Alibaba IPO: Share price range increase as e-commerce firm nears listing September 15, 2014 Alibaba has raised the indicated price range for its shares which will sell on the New York Stock Exchange later this week. The Chinese e-commerce giant had expected to sell around 320.1m shares at a price between $60 and $66 each, yet in a filing with the Securities and Exchange Commission, the company announced [...]
Alibaba IPO: Ecommerce firm may have already covered record-breaking listing September 10, 2014 Alibaba has already covered its record-breaking $21bn initial public offering, according to reports. The IPO launched on Monday and its investor roadshow has already hit New York and Boston, with founder Jack Ma explaining the company's business model and assuaging concerns over its corporate governance. And it appears the 49-year-old has been successful, [...]
Alibaba: Bigger isn’t always better for IPOs – CNBC Comment September 8, 2014 GET OUT your superlatives. The Alibaba IPO is set to be the biggest in history – with an expected $21bn (£12.9bn) offering. The numbers are staggering. The Chinese e-commerce giant could be valued at $163bn, not too far off Facebook’s $200bn valuation. Its profit margins are above 40 per cent, and Alibaba accounts for 80 [...]
Alibaba listing’s legal fees set to dwarf Facebook September 7, 2014 ALIBABA, the Chinese e-commerce giant that sells more than Amazon and Ebay combined and is seeking to raise over $21bn (£12.8bn) in its float this month, will pay some of the highest legal fees for a US listing, six times what Facebook paid two years ago. The legal fees for Alibaba’s public listing, $15.8m according [...]
Alibaba is a moment of truth for US investors eyeing China – Bottom Line September 7, 2014 Alibaba’s long-awaited $200bn float looks set to be a game of two halves. On the one hand we have one of the largest technology floats of all time as the firm looks to raise $21bn from the public market. The float will prompt some of the highest legal fees of the last decade, and undoubtedly [...]
Alibaba expects IPO to raise $24.3bn with largest listing in history September 6, 2014 Alibaba expects to raise $24.3bn when it lists on the New York Stock Exchange (NYSE) later this month. If it raises that sum, the Chinese e-commerce giant's initial public offering (IPO) will be the largest in history, giving it a valuation of around $163bn. In a regulatory filing with the US Securities and Exchange Commission, [...]
Alibaba to set IPO wheels in motion as soon as 8 September August 30, 2014 Alibaba's initial public offering to investors could be just over a week away, with the Chinese ecommerce giant expected to launch its IPO as early as the week of 8 September. In what many are predicting will be the largest IPO in history, Alibaba could raise over $20bn (£120bn) when it lists on the New York [...]