Thursday, September 18, 2014

Alibaba has established a record price offerings – Interfax

Alibaba has established a record price offerings – Interfax

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Moscow. On 19 September. INTERFAX.RU – Chinese online store Alibaba set a record price IPO at $ 68 a day before the start of trading on the New York Stock Exchange on September 19, the newspaper reported The New York Times .

Such a high price means that the value of the company is about $ 168 billion. It is more than that of eBay, Twitter and LinkedIn together.

The final cost could still change. It depends on the willingness of underwriters to buy more shares.

To date, the largest IPO in the auction held in the United States Agricultural Bank of China in 2010. He raised about $ 22.1 billion.

Promotions online store will start trading under the ticker “BABA”. At the moment, they are of great interest to buyers.

Shop Alibaba operates in a number of countries other than China. It passes through more transactions than jointly gaining Amazon and eBay.

Alibaba owns China’s largest e-commerce platform, bringing to them the buyers and sellers, and providing them with various services. At the same time on Alibaba account for 80% of the turnover of e-commerce in the country, its services are in the country for almost 280 million people.

The annual turnover of almost $ 300 billion, annual revenue – $ 8.46 billion. During the last quarter net profit reached $ 1.99 billion. Decision-making in the company actually controls a group of 30 partners.

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