Sunday, September 21, 2014

Alibaba is now the fourth business news … – Frandroid

Alibaba, the Chinese Amazon has just made its debut on Wall Street. A grand entrance and remarkable.

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The Chinese e-commerce giant has made its first steps on Wall Street . The largest IPO of all time. The funds raised by this entry scholarship are $ 29.7 billion (23 billion euros), the previous record holder was Visa in 2008 with $ 17.9 billion (14 billion euros).

The largest IPO of all time.

The IPO started at $ 68 per share, for a market value of 168 billion dollars (131 billion euros). But actions began at $ 92.70, or 36% and a market capitalization of more than $ 228 billion (€ 178 billion).

With this introduction successful IPO, Alibaba is one of the largest tech companies, behind Apple, Google and Microsoft.

Often compared to Amazon, Alibaba has delivered a real performance. For now, Alibaba owns 80% of the e-commerce market in China, and is present neither in Europe nor in the United States.

What consequences of such an IPO? Jack Ma has become the second richest man in Asia, behind Li Ka-shing of Hong Kong. Yahoo! who held shares in the Alibaba sold for $ 10 billion. Finally, the major shareholder of Alibaba – Japanese holding company Softbank – with 32% stake, has made an exceptional gain of € 3.5 billion



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