Friday, September 5, 2014

Leslie Picker and Belinda Cao — Alibaba Seeks to Raise $21.1 Billion in Record-Breaking U.S. IPO


And this is just the beginning of the flight of the dragon.
Even at the high end, the valuation falls below more optimistic estimates of Alibaba’s worth -- analysts surveyed in July put its value at $187 billion, on average. That will give China’s largest e-commerce company room to raise the IPO price as it builds demand during meetings with fund managers, said Henry Guo, an analyst at JG Capital.
Bloomberg
Alibaba Seeks to Raise $21.1 Billion in Record-Breaking U.S. IPO
Leslie Picker and Belinda Cao

Alabama: The New Hub of Chinese Manufacturing

1 comment:

Matt Franko said...

"Tsai is selling 4.25 million shares, meaning he could make $280 million if the shares were priced at the top-end. Ma will sell 12.75 million shares, earning as much as $841 million."

Caution: USD zombies at work!