The name’s bond …retail bond as Bollywood’s Eros goes for cash September 25, 2014 Bollywood film company Eros International yesterday announced plans to tap the retail bond market, the first media company to use the burgeoning asset type to raise cash. Eros, which makes about 70 films a year and has a library of a back catalogue of about 2,300 films, will raise the cash through a seven-year bond [...]
BHP Billiton and Mitsubishi share prices bumped up by coal mine job cuts September 23, 2014 Investors reacted positively to the news that BHP Billiton and Mitsubishi are cutting 700 jobs at a joint coal venture in Australia. Shares in BHP Billiton went up by 0.92 per cent to 1,746.5 pence on the London Stock Exchange this morning, while Mitsubishi shares rose by 0.7 per cent $5.79 on the New [...]
Alibaba’s share price slides 3 per cent on second day of trading September 22, 2014 Was Alibaba's IPO too good to be true? Shares in the newly-listed mega-retailer may have surged 38 per cent on their first day of trading on Friday, but investors had clearly calmed down today – its price fell three per cent in early trading. Alibaba listed on the New York Stock Exchange on Friday at [...]
Alibaba share price soars on huge market debut September 20, 2014 Shares in Alibaba went up by 38 per cent during its stock market debut yesterday, leading the biggest IPO in US history. The Chinese e-commerce giant started trading on Friday under the ticker "BABA" on the New York Stock Exchange. Shares were so popular that the price had to be revised up eight [...]
Alibaba share price means it will to smash tech float record September 18, 2014 Chinese e-commerce titan Alibaba last night priced its initial public offering at the top end of expectations, lining it up to raise a colossal $21.8bn (£13.3bn) in what will be the biggest tech float in history today. Alibaba will price its shares at $68 on the New York Stock Exchange, giving the firm a historic [...]
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 [...]
London’s tech boom is more than just hype – and the City is at its heart September 18, 2014 WHILE London Technology Week may not yet rival London Fashion Week for glamour, there is real substance to the capital’s tech boom. This is why, for the first time, TechCrunch is bringing its Silicon Valley conference to London this October. A number of things are driving this tech boom. London has long acted as a [...]
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 [...]
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 [...]