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

Testing time ahead for Alibaba shares

By MENG JING/TUO YANNAN (China Daily) Updated: 2015-03-17 07:40

Testing time ahead for Alibaba shares

German Vice-Chancellor, Economy and Energy Minister Sigmar Gabriel (left) holds a product and talks with the founder and executive chairman of Chinese e-commerce company Alibaba Group Holding Ltd, Jack Ma, as he visits the Alibaba stand during his visit to the CeBIT technology fair in Hanover, Germany, on March 15, 2015. [TOBIAS SCHWARZ/AFP]

Alibaba Group Holding Ltd, the Hangzhou-based e-commerce giant listed in New York last year, has confirmed that the 180-day lockup period of about 437 million of its ordinary shares will end on Wednesday, suggesting there could be a flood of its stock onto the market.

Alibaba's record-breaking IPO raised $25 billion on Sept 19, 2014.

Of the shares that will no longer be subject to the lockup, around 100 million will remain subject to Alibaba's employee trading restrictions until after the announcement in May 2015 of its earnings results, according to a statement released by the company.

The expiry of the lockup on Wednesday will, however, still make roughly 13 percent of Alibaba's shares available for sale to the public, which could raise concerns of a further drop in its share price.

Initial public offering lockups typically last anywhere from 90 to 180 days after the first day of trading, and are put in place to prevent shareholders with large proportion of ownership, such as company executives, from selling shares during the initial trading period.

However, analysts including Neil Flynn, portfolio manager at Alcuin Asset Management, said they remained bullish on Alibaba over the long run despite some existing risks it still has to overcome.

Despite its share price falling significantly since its quarterly earnings released at the end of January, Flynn said: "With all of the strong drivers in 2015, including the launch of Alibaba bank and its investment in social media, such as SnapChat, I don't think insiders would want to sell now."

"But until the lockup, we won't see many gains from Alibaba because investors will be concerned about it.

"Given the performance of the share price over the past few weeks, I think the lockup expiry is already priced into the valuation, and afterwards, we will see a rally," said Flynn.

Alibaba's share price has slipped from more than $100 at the beginning of the year to $81.86 as of Friday mainly due to its fight with the State Administration for Industry and Commerce, China's top commercial regulator, over counterfeit goods being sold on its Taobao site.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 尤物tv已满18点击进入 | 久久久久久久久久久福利观看 | 欧美一区二区在线免费观看 | 中国国产一国产一级毛片视频 | 视频一区色眯眯视频在线 | 精品一区二区三区视频 | 亚洲精品高清国产一线久久97 | 日本三级香港三级妇三 | 三级黄a| 国产一级片免费看 | 日韩 综合 | 偷偷操不一样的久久 | 国产成人亚洲精品91专区高清 | 国产精品国产三级国产普通 | 亚洲第一在线 | 午夜宅男宅女看在线观看 | 亚洲精品一区二区手机在线 | 美女mm131爽爽爽免费视色 | 日韩在线观看一区二区三区 | 亚洲精品在线播放 | 高清波多野结衣一区二区三区 | 亚洲国产成人综合精品2020 | 国产一区二区在线看 | 日韩免费看片 | 国产在线精品观看 | 精品欧美高清一区二区免费 | 99久久免费午夜国产精品 | 成人做爰视频www | 精品久久久久久久久久中文字幕 | 最新亚洲人成网站在线影院 | 欧美大尺度xxxxx视频 | 日韩精品a| 国产精品福利视频萌白酱 | 国产三级在线免费 | 成人毛片高清视频观看 | 亚洲国产一区二区a毛片 | 艳女伦交一级毛片 | 特黄女一级毛片 | 成人毛片免费看 | 国内精品福利在线视频 | 国产第九页 |