Alibaba has priced its shares, and it’s going to be the biggest IPO ever September 18, 2014 Alibaba has priced its initial public offering at $68 per share – the top end of its price range. The pricing will raise the e-commerce giant $21.77bn and value the company at $167.62bn, making it one of the largest IPOs in history. Shares in the Chinese company will begin trading on the New York Stock [...]
Investors should pause before gambling on the Alibaba flotation frenzy September 18, 2014 THE IPO of China’s largest e-commerce platform Alibaba has drawn frenzied interest from investors worldwide, with the company expected to raise at least $21bn on the New York Stock Exchange. But the listing has also prompted serious questions about the firm’s governance structure. Alibaba is, of course, a very successful business and investors have been [...]
Card Factory share price up as it reports rise in underlying profit after IPO September 18, 2014 Card Factory released its half-yearly report today, showing underlying profit before tax at £14.9m for the first half of its 2015 financial year, up from £1.8m in the first half of 2014. But the group made a loss, as the cost of its May 2014 IPO and debt-refinancing issues forced it £7.9m into the red. [...]
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 [...]
Enecsys looking to raise $20m in solar tech IPO September 16, 2014 The former Intel boss hoping to brighten up London with solar tech. After more than 20 years promoting and designing microprocessors at Intel, Mike Fister, who grew Intel’s enterprise group from nothing to over $3.5bn (£2.15bn) in annual revenues, is looking for a new challenge. Enecsys is that challenge, he says, and by [...]
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 [...]
IPO plans on ice amid Scottish independence Yes vote fears September 14, 2014 A number of firms are putting stock market flotation plans on hold ahead of the Scottish referendum, fearing market turmoil could throw the initial public offerings (IPOs) off track. Reports of deals being delayed comes as a group of polls showed the No campaign edging ahead and Prime Minister David Cameron headed to Aberdeen today [...]
Dubai Mall owner aiming for £1bn IPO in UAE’s biggest flotation since financial crisis September 14, 2014 The biggest flotation in the United Arab Emirates (UAE) since the global financial crisis seven years ago is underway as Dubai’s Emir Malls Group (EMG) is hoping to raise nearly $1.6bn (£983m) from the sales of shares. EMG is offering 2bn shares, worth around 15.4 per cent of equity, with the price range set [...]