Alibaba's IPO could be the biggest in history. Bloomberg's Sam Grobart explains how Alibaba works through the experience of ordering 280 pairs of pants manufactured overseas. Video by: Dan Przygoda, David Yim (Source: Bloomberg - Published on Sep 14, 2014)
Alibaba Plans to Boost IPO Price on Strong Demand - Bloomberg: "Alibaba aims to be a global company and plans to expand its business in Europe, the U.S. and Asia, [Jack] Ma told reporters before the investor luncheon. Ma, a 50-year-old former school teacher, is China’s richest person with a net worth of $21.9 billion, according to the Bloomberg Billionaires Index. The company is seeking to list after valuations for technology shares rose to a 4 1/2-year high, data compiled by Bloomberg show. The Nasdaq Composite Index (CCMP) climbed to the highest since March 2000 on Sept. 2, while the Standard & Poor’s 500 Index hit a fresh record three days later and a gauge of Chinese stocks in the U.S. traded near a three-year high. At the original range, Alibaba’s market value was as high as $162.7 billion, which was conservative relative to peers. At the top end, the company was asking for about 29 times three analysts’ estimates for earnings in the year through March 2015, data compiled by Bloomberg show. Chinese Internet peer Baidu Inc. trades at about 35 times estimates of this year’s earnings, while Tencent Holdings Ltd. trades at 37 times. A valuation of 35 times would imply a price of nearly $80 a share for Alibaba. Amazon.com Inc. fetches closer to 136 times forecast 2014 earnings." (read more at link above)
Domain Names referenced:
alibaba.com
alibabagroup.com
amazon.com
baidu.com
tencent.com
More info: Alibaba SEC F-1 filings
more news links below (on mobile go to web version link below)
Follow @expvccom
