www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Alibaba roadshow bodes well for record-breaking IPO

(Xinhua) Updated: 2014-09-13 17:37

NEW YORK -- Investors' fever toward the Alibaba Group during its roadshow and all the hype surrounding the Chinese e-commerce behemoth are boding well for its record-breaking initial public offering (IPO) in the US market next week.

"We believe that Alibaba will be a successful IPO. Its proposed price is reasonable, and possibly below where it will ultimately trade," said Kathleen S. Smith, a principal at Renaissance Capital and an IPO ETF manager, in a recent interview with Xinhua.

Alibaba's IPO is expected to be the largest in US IPO history. According to its amended filing to the US Securities and Exchange Commission (SEC), Alibaba and the selling stockholders will offer a total of 320 million American Depositary Shares (ADSs) at an expected price range of between $60 to $66 per ADS, taking the whole size of the IPO to approximately 20 billion dollars, beating that of Visa in 2008 and Facebook in 2012.

Orders to close early over hot demand

Alibaba will close order books ahead of schedule by next Wednesday, as the company has received enough investor demand for its initial public offering within five days of its roadshow, a source confirmed to Xinhua on Friday.

Nicholas Colas, chief market strategist at ConvergEx Group, said that "the short answer is it doesn't seem they (the investors) are overly optimistic." ConvergEx Group is a provider of global agency brokerage and investment technology.

Colas noted that, through the roadshow, investors had a chance to hear the company, read its comprehensive offering documents and compare it to different companies, which was "an education process for everybody."

"So the fact that the demand is there, I don't think it has anything to do with excessive optimism. It seems to be a well-considered, well-researched point of view," he said.

The hot demand is an evidence of investors' optimism about the Alibaba's future and its stock performance after going public.

The company is expected to price its IPO Thursday and begin trading on the New York Stock Exchange the following day under the ticker symbol "BABA."

Mark Otto, Partner/Designated Market Maker at J. Streicher & Co, told Xinhua that the roadshow has gone really well. "It seems on the first couple of meetings they've sold out the shares that they were going to sell to raise $21.1."

Jack Ma impress wall street

Alibaba was founded by Jack Ma in his apartment in 1999. Ma has transformed it in 15 years of time into an online retail giant with an estimated market cap from $155 billion to as high as $220 billion.

"I'm a big fan of Jack Ma," said Otto, who is also a senior trader at the NYSE. "I think he's a little bit flamboyant. Certainly he is a type of person who is going to stand for what he believes in."

Alibaba roadshow bodes well for record-breaking IPO Alibaba roadshow bodes well for record-breaking IPO
Who's who of Alibaba's inner circle
Alibaba's Ma and Ma's private equity firm

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 精品国产欧美一区二区 | 美女日韩在线观看视频 | 久久久久综合给合狠狠狠 | 国产精品日本欧美一区二区 | 免费人成黄页在线观看视频国产 | 欧美一级二级片 | 成 人 免费 网站 | 国产中文字幕在线播放 | 4tube高清性欧美| 免费观看性欧美一级 | 日韩精品网址 | 高清色黄毛片一级毛片 | 欧美日韩性视频一区二区三区 | 91精品国产91热久久久久福利 | 欧美一级毛片100部 欧美一级毛片aaaaa | 欧美一级特黄一片免费 | 免费狼人久久香蕉网 | 欧美在线一级视频 | 一级片在线观看 | 91久久亚洲最新一本 | 久久99久久成人免费播放 | 国产乱子精品免费视观看片 | 国产精品热久久毛片 | 国产精品欧美亚洲 | 欧美一级久久久久久久大 | 中文国产成人精品久久无广告 | 韩国一级永久免费观看网址 | tom影院亚洲国产日本一区 | 国产精选经典三级小泽玛利亚 | 日韩在线看片中文字幕不卡 | 国产精品v一区二区三区 | 欧美上床视频 | 日本欧美一区二区三区不卡视频 | 国产精品天堂avav在线 | 日本视频一区二区三区 | 久久精品久久精品久久精品 | 久久九九国产精品怡红院 | 久久亚洲私人国产精品va | 国外精品视频在线观看免费 | 男人把女人桶到喷白浆的视频 | 黄色网址网站在线观看 |