Internet retailer Alibaba Group after the first day of IPO received a market capitalization of $ 231.4 billion and became the champion in terms of retail via initial public funds – $ 25 billion. Company founder Jack Ma is not secret plans for expansion into the markets of the USA and Europe. Some experts believe that the tool to enter the Western markets will invest in the film business and film production in the United States.
The IPO of Chinese online retailer Alibaba Group Holding Ltd. officially recognized as the largest in history. Demand for the company’s IPO was so high that banks underwriters Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Citigroup held additional placement under the option greenshoe (option allows underwriters to sell more volume of securities than was previously agreed with the stationing company). According to the Financial Times, the sale doppaketov allowed to increase the amount of accommodation from the original $ 21.8 billion to a record $ 25 billion.
Meanwhile, a well-known analyst of Media Chenyun Lee in an interview with The Holywood Reporter suggested that after the successful implementation of the IPO Alibaba attract additional funds to invest in the film business the United States. According to experts, investing in Hollywood will become part of the company’s plans for expansion in the American and European markets.
So, Alibaba in April bought a 20% stake of the largest Chinese video sharing Youku Tudou, which has a strategic cooperation agreement with the American film studio Lionsgate. In addition, Chenyun recalled that in June online retailer for $ 804 million bought 60% of Hong Kong’s ChinaVision Media Group, which was renamed the Alibaba Pictures Group Ltd. The board of directors of the company included the famous actor Jet Li militants, and several film projects led by popular Hollywood directors Karvay Wong, Stephen Chow and Giddens Ko.
«After the IPO Alibaba will be able to invest in the entire production chain of a Hollywood movie, and then invest in other areas of Western business “- summed up Lee Chenyun.
Recall Friday’s trading session Alibaba on the New York Stock Exchange (NYSE) due to repeated increase of the price benchmark for investors started with a delay of 2.5 hours. As an outcome of the price of the company’s shares rose to $ 93.89 per share, which is 38% more than the initial offering price. Thus, the company’s market capitalization reached $ 231.4 billion, which exceeds the market value of the social network Facebook, JPMorgan Chase Bank and conglomerate Procter & amp; Gamble. Previous leader in terms of IPO was Agricultural Bank of China, during the placement in 2010 attracted $ 22 billion. Threshold IPO at $ 20 billion and stepped over the Chinese bank ICBC, the insurance group AIA Group and the automotive group GM.
It should be noted that when planning IPO Alibaba assessed itself only in the range of $ 147-163 billion.
After sverhudachnym Friday’s trading board chairman Jack Ma has also adopted decision to implement additional 2.7 million securities, and co-founder of Alibaba Joe Tsai release is available for sale 902,782 shares. For the implementation of these transactions as an independent financial adviser has been hired by a member of the Rothschild banking dynasty.
Largest shareholder Alibaba Japanese SoftBank, which owns 32.4% stake in the shares of the company at the weekend said the receiving of $ 4.55 billion against the growth of quotations of the Internet giant.
In addition, placement of shares of Alibaba will bring $ 5.1 billion US-based Yahoo Inc. This amount Yahoo should get after sales 121.7 million shares of the Chinese e-commerce giant and the tax on capital gains in the amount of about 38%.
As the data Bloomberg Billionaires Index, as a result of the IPO, the founder of Alibaba Jack Ma became the richest man in China with a fortune of $ 21.9 billion. According to this index, he overtook the founder of the group «Dalian Wanda Group Co Ltd» Wang Jianlin and entered the top 30 of the rich world. “I do not want to disappoint shareholders, I want to make sure they make money,” – said in an interview with Ma himself CNBC. He also noted that most of all he is worried about the happiness of customers and investors.
“Growth and Alibaba, which is conducted by IPO shows that the difference in class between the American and Chinese companies is rapidly shrinking,” – said Professor Warwick Business School Qin Wang. He also noted that attention to the customer base and constantly innovate soon allow Chinese companies to carry out a large-scale expansion in the American and European markets and e-commerce technologies and put an end to the United States leadership in this area.
Recall, the company Alibaba was founded in 1999 by former English teacher Jack Ma’s B2B-like sales. The profitability of the business came out in 2002, and then Alibaba has opened online retail platform Taobao, has been working on the model of C2C, which also adheres to eBay. In 2010, Alibaba has allocated platform Tmall, which allowed the Chinese and international suppliers to sell branded products to consumers in China, Hong Kong and Taiwan. As a result, the company has grown into the world’s largest player in the sector of e-commerce.
At present, it provides 80% of the turnover of e-commerce in China, and its services in the aggregate are almost 280 million people.
Annual revenue amounted to Alibaba in 2013, $ 7.5 billion.
Alibaba also operates a platform for group procurement Juhuasuan, site 1688.com and resource AliExpress oriented to foreign buyers. In addition, the company provides IT-services, technology infrastructure and marketing research, manages the payment system Alipay, similar to PayPal.
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