Alibaba Group announced that it would be taking the company public in the United States through the NYSE. Alibaba will trade publicly under the ticker symbol BABA, and the company is expected to generate potentially more than $20 billion during its public offering, putting it on par with some of the largest IPOs in American history.
According to Wikipedia, Alibaba Group (Pending: BABA) "is a privately owned Hangzhou-based group of Internet-based e-commerce businesses including business-to-business online web portals, online retail and payment services, a shopping search engine and data-centric cloud computing services. In 2012, two of Alibaba's portals together handled 1.1 trillion yuan ($170 billion) in sales, more than competitors eBay (NASDAQ:EBAY) and Amazon.com (NASDAQ:AMZN) combined. The company primarily operates in the People's Republic of China, and in March 2013 was estimated by The Economist magazine to have a valuation between $55 billion to more than $120 billion."
Summary
· Alibaba Group is expected to have one of the largest IPOs in American history raising more than $20 Billion.
· There are three potential ways for investors to capitalize off of this widely anticipated public offering.
· BABA's IPO will produce opportunities for investors both directly through shares of Alibaba stock and through symbiotic growth with stakeholders Yahoo and Softbank.
· Alibaba Group is expected to have one of the largest IPOs in American history raising more than $20 Billion.
· There are three potential ways for investors to capitalize off of this widely anticipated public offering.
· BABA's IPO will produce opportunities for investors both directly through shares of Alibaba stock and through symbiotic growth with stakeholders Yahoo and Softbank.
source: from e-mail