COKid Posted September 19, 2014 Share Posted September 19, 2014 Shares in Alibaba have been priced at $68 (?42), the top end of the range, in a sign of strong investor appetite for the Chinese e-commerce giant. With trading starting on the New York Stock Exchange later on Friday, the share sale will raise $21.8bn, making it one of the largest flotations ever. It values Alibaba, which accounts for 80% of all online retail sales in China, at $167.6bn. That value surpasses such corporate titans as Walt Disney and Boeing. The final amount raised from the sale could change, depending on the final allotment allocation. If underwriters exercise an option to sell more shares, the money raised could increase to $25bn, beating the record listing held by Agricultural Bank of China. That flotation in 2010 raised $22bn. Alibaba operates a series of online marketplaces in China and elsewhere, handling more transactions than Amazon and eBay combined. More: http://www.bbc.com/news/business-29262715 Link to comment Share on other sites More sharing options...
Shiranui Posted September 19, 2014 Share Posted September 19, 2014 They need the Beastie Boys to do some ads. Ali Baba and the forty thieves Ali Baba and the forty thieves Ali Baba and the forty thieves Ali Baba and the forty thieves Link to comment Share on other sites More sharing options...
+John Teacake MVC Posted September 19, 2014 MVC Share Posted September 19, 2014 That is just crazy. Link to comment Share on other sites More sharing options...
Xahid Posted September 19, 2014 Share Posted September 19, 2014 I didn't know they worth that much :O by name, i thought, its Arabic but the owner is Chinese & its Chinese based Portal. Link to comment Share on other sites More sharing options...
cork1958 Posted September 19, 2014 Share Posted September 19, 2014 "Alibaba operates a series of online marketplaces in China and elsewhere, handling more transactions than Amazon and eBay combined" Yeah, That is just crazy!! Never even heard of them which is why I even clicked the title of the article, to see what this was about. Link to comment Share on other sites More sharing options...
Praetor Posted September 19, 2014 Share Posted September 19, 2014 i've bought stuff from them, they are pretty good. Link to comment Share on other sites More sharing options...
spenser.d Posted September 19, 2014 Share Posted September 19, 2014 "Alibaba operates a series of online marketplaces in China and elsewhere, handling more transactions than Amazon and eBay combined" Yeah, That is just crazy!! Never even heard of them which is why I even clicked the title of the article, to see what this was about. They've been making waves for a couple months now ever since they announced they were going to have an IPO. Before then I'd never heard of them either. Link to comment Share on other sites More sharing options...
+InsaneNutter MVC Posted September 19, 2014 MVC Share Posted September 19, 2014 I've used Taobao and AliExpress in the past, it's always been a positive experience. AliExpress is basically the Ebay / Amazon Market place of China. Your money is held in escrow until you confirm the item has been received and is ok, if not you can dispute it just like on Ebay. I certainly thing they have the potential to become big outside China. Link to comment Share on other sites More sharing options...
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