Photo EPA
The IPO of the Chinese company Alibaba shop is the greatest of all time. The accompanying investment banks provide additional shares
.
The underwriting banks have taken advantage of their right to take off extra shares thus initiates Monday against Bloomberg. This Alibaba has $ 25 billion collected from its introduction on the stock exchange last Friday. At that time the counter stood at 21.8 billion dollars.
With the proceeds from the $ 25 billion in fresh capital Alibaba has the record of Agricultural Bank of China surpassed. That financial group took four years ago at the fair in Shanghai 22.1 billion dollars. Alibaba already had the title of largest IPO ever put his name in the United States.
Alibaba rises sharply at fair debut
The IPO of Alibaba Friday was a resounding success. The share started trading under the overwhelming interest of investors. More than two hours after the opening bell on Wall Street, the first race of the Alibaba share was set at $ 92.70, while shares for $ 68 were brought. To the stock market
Alibaba closed 38 percent higher at 93 , 89 dollars per share. This makes the company on the stock market over 230 billion dollars worth more example than the
Biggest Chinese shop
Under the umbrella of Alibaba (阿里巴巴) operates CEO Jack Ma various shops. The two most important merchants of Alibaba, Taobao.com and Tmall.com, working as a sort Marketplace
aobao.com acts as a trading forum for individuals and small businesses.; TMall.com on Alibaba accommodate larger brands to offer online. stuff There is also the site Juhuasuan party organizes sell à la Groupon. Together, these three Chinese sites provide more than 80 percent of sales from Alibaba.
For international consumers is the site aliexpress, where electronics, clothes and toys are offered, mostly made in China.
In addition to these consumer activities Alibaba operates under its own name in China and internationally (Alibaba.com) internet forums for wholesale. Companies can offer parties and take off
Jack Ma:. Alibaba wants to help small business owners
“Fifteen years ago I believed that internet China and the world would change. We want our ecosystem helps small businesses. Big guys can save themselves well in China, small businesses need help. My view is that you have to make, “happy in the first place customers Ma said Friday at the exhibition in New York in front Bloomberg TV.
No control for new shareholders Alibaba
The IPO will make it possible for international investors to become shareholders of the Chinese company. But that they have no control. Alibaba holds through legal devices attached to a model in which appointments and other important decisions are made by a select group of “partners”, including founder and major shareholder Jack Ma.
All this is controlled via a legal branch of the Alibaba holding company in the Cayman Islands
Source:. ANP / Z24
Read
Alibaba IPO makes rich even richer
No comments:
Post a Comment