Alibaba plans for upcoming IPO, announces $155 billion valuation

Chinese Ecommerce giant Alibaba announced recently its IPO plans more in-depth, including valuing the company at a record $155 billion.

While being the biggest high profile IPO since Facebook listed itself 2 years ago, Alibaba valued itself just below local US rival and some would say counterpart, Amazon, which is valued at $160 billion in market capitalization.

It also seems Alibaba has finally closed in on a date, with September 19^th 2014 being the new chosen launch date. Alibaba was set to launch the IPO on August 8^th, being rather superstitious with having dates with as many 8s in them, a lucky number in China. The company’s ticker name “BABA” also relates to the 8 theme, meaning 8-8 in China.

Alibaba is planning to sell an expected 12% stake once on the New York Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term. If the company is able to sell the maximum number of proposed shares at the highest price, the IPO could rake in an estimated $24.3 billion for the firm, its executives, and initial investors.

The main motive behind launching on the New York Stock Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term rather than a more physically closer Exchange is due to Alibaba looking to expand itself more as a global company as a Chinese one. It was initially planned that the firm would initially launch on the Hong Kong Stock Exchange, but strict local regulations on how the company operates had encouraged CEO Jack Ma to look elsewhere, finalizing on NYSE.

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