Alibaba Group Holding Ltd – popularly known as Alibaba – is a well known Chinese e-Commerce company that grew rapidly in the sphere of online retail trade in China. The company is having a market share of 80 per cent of China’s entire online retail sales in the country, and its revenue generation during the year ended June 2014 is estimated to be close to 300 billion USD.
This Chinese e-Commerce giant, founded by Jack Ma, is scheduled to enter the US capital market shortly, expecting to raise more than 21 billion USD through public subscription. It has on Monday last set in motion a two-week multi-city publicity blitz for its initial public offering at the Waldorf Astoria hotel in New York. This was the first among a series of programs it planned for raising funds – reportedly through the largest technology IPO - in the United States.
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The enthusiasm of the investors was unexpected. As against an estimation of some 500 investors, it had a keen gathering of around 800 of them, so much so that the earmarked space for them fell quite short. Alibaba is likely to be the hottest IPO of the year and it is most probably break the previous record of Facebook Inc in 2012
Alibaba is expecting to price the IPO at USD 60 to USD 66 per ADS, which might be available for trading at NYSE by the end of this month.
Alibaba is expecting to price the IPO at USD 60 to USD 66 per ADS, which might be available for trading at NYSE by the end of this month.
Author : Syed Zafar Ahmad
Designation: Executive Director
Bio: A freelancer with a flair for experimenting with innovative technology and electronic gadgets that could enrich the life of a modern common man, and a consultant in issues touching every-day life of a computer suave professional.
Bio: A freelancer with a flair for experimenting with innovative technology and electronic gadgets that could enrich the life of a modern common man, and a consultant in issues touching every-day life of a computer suave professional.
