Alibaba’s record against
2014-09-16 00:43
The Chinese e-commerce giant Alibaba screws up the expected pricing of the shares before the IPO in the United States. The share is now expected to cost between $ 66 and $ 68, and its introduction may be the largest ever.
The valuation of the company will rise to up to 168 billion dollars – nearly 1.2 trillion kronor.
The previous range was at 60-66 dollars. Alibaba warrant revaluation with the strong interest from investors.
If the price at the upper end of the range, it means that the listing will generate nearly $ 22 billion. If the option to sell additional shares exercised, it would mean that the listing on the New York Stock Exchange may exceed the world’s largest ever IPO, Agricultural Bank of China in 2010, which raised $ 22.1 billion.
Alibaba controls about 80 percent of China’s e-commerce and has a turnover of greater than Amazon and Ebay together.
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