Alibaba Offers First IPO … Investors Go Crazy Despite Huge Risk

Alibaba Set To Price IPO Shares Amid Investor Frenzy

 

 

 

 

 

 

” Chinese e-commerce giant Alibaba Group Holding Ltd. is set to sell some $22 billion of shares on Thursday, capping a two-week road show that drew frenzied interest from investors worldwide and may be the world’s largest ever initial public offering.

  The shares are expected to be priced after the markets close at 4 p.m. Thursday and start trading on the New York Stock Exchange on Friday under the ticker “BABA.”

  Investors, keen to buy into China’s rapid growth and evolving Internet sector, have been clamoring to get shares since top executives at Alibaba, including co-founder and executive chairman Jack Ma, kicked off the road show last week.

  Alibaba, which handles more transactions than Amazon.com Inc. and eBay Inc. combined, boosted the IPO price range to between $66 and $68 a share due to the strong demand.

  At the top end of that range, the IPO would raise almost $22 billion, but if underwriters exercise an option to sell more shares, Alibaba’s market debut will top Agricultural Bank of China Ltd.’s record $22.1 billion listing in 2010.”

 

 

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Alibaba Is Poised To Be Biggest IPO Ever

What Is Alibaba ?

 

 

 

 

 

 

” Alibaba is China’s — and by some measures, the world’s —biggest online commerce company. Its three main sites — Taobao, Tmall and Alibaba.com — have hundreds of millions of users, and host millions of merchants and businesses. Alibaba handles more business than any other e-commerce company.

  Alibaba is the most popular destination for online shopping, in the world’s fastest growing e-commerce market. Transactions on its online sites totaled $240 billion last year, more than those of eBay and Amazon.com combined.”

” After it goes public, Alibaba is expected to be one of the most valuable tech companies in the world. It will also be one of the most valuable Chinese public companies, ranking among some of the country’s state-owned enterprises.”

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