ALIBABA GETTING DOWN TO BUSINESS - TRADE BABA ON STOCK.COM
Sept 18 2014, 1.30 pm GMT
Executive Chairman Jack Ma will ring the bell on New York’s stock exchange at 9.30am NY time Friday to launch the largest IPO in US history, if not the world. Expected to make $25 billion, shares are divided into new and existing at 123M to 197M respectively. The opportunity to buy and trade on shares is being heralded as a one not to be missed, even though Alibaba have raised the range by $2 per share over the last week.
The company's 3 online e-commerce sites are Taobao, Tmall and Alibaba.com, making profit through online marketing, transaction fees from merchants and members fees. The latest market value put on Alibaba is $165 billion. All figures concerned with Alibaba are predicted to soar in terms of share value and demand.
The IPO also effects the top shareholders: Japan’s Softbank owns 34% and they will keep their shares but will be diluted to 32.4% after the launch; Yahoo owns 22.4% and will market 121.7 million shares, a 4.9% stake; Founder Jack Ma owns 8.8% and will sell 0.5% in the IPO of 12.7 million shares; Joseph Tsai, executive vice chairman will sell 4.3 million shares, equivalent to a 0.2% stake. The 6 banks in on the deal are Citigroup, Credit Suisse, Deutsche Bank AG, J.P. Morgan Chase & Co, Goldman Sachs and Morgan Stanley.
STOCK.com have BABA stock on the MT4 platform for traders to gain optimum potential gain from this strong and exciting IPO.
Image source: www.alibabagroup.com
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