2014年9月18日星期四

Stockswatch It's official: Alibaba prices at $68 By Matt Egan @mattmegan5 September 18, 2014: 9:19 PM ET 7 things you can do on Alibaba 454 TOTAL SHARES 276 129 49 NEW YORK (CNNMoney) Alibaba, the Chinese e-commerce giant, secured its place in history Thursday as the largest U.S.-listed initial public offering (IPO) of all time. The stock priced at $68 per share. That's at the top of the expected range, signaling strong demand. Only large investors like hedge funds are typically able buy at this IPO price. Alibaba's shares will begin trading Friday under the ticker symbol "BABA" on the New York Stock Exchange. At that point, anyone can buy the stock. The IPO deal raised $21.8 billion, the largest ever for a company listed on an American exchange. In any deal like this, the investment banks that help make it happen have the option to purchase additional shares. If you include all of those shares, the IPO would raise $25 billion -- a world record. Alibaba, which was founded by former English teacher Jack Ma, is now one of the biggest tech companies in the world. If you've never heard of Alibaba, you're definitely not alone. Related: Everything you need to know about Alibaba The Chinese company is often described as a mash-up of eBay (EBAY, Tech30), Amazon (AMZN, Tech30) and PayPal. Alibaba has little presence in the U.S., though that's expected to change. At the moment, it does own a stake in ride-sharing service Lyft. Alibaba is hitting the public markets with some elite Silicon Valley company. The IPO values Alibaba at a whopping $167.6 billion. That's more than double eBay's $64 billion market value and even tops the market cap of 20-year-old Amazon.com. alibaba market value 3 Based on Alibaba's earnings for the 12 months ended in March, the IPO values Alibaba at a lofty price-to-earnings multiple of 44. But investors are focused on Alibaba's dominance in e-commerce in China, which has a fast growing middle class. The value of all the merchandise changing hands on Alibaba's platform totaled $248 billion in 2013, according to estimates by IDC. That's greater than the gross merchandise volume of Amazon.com, eBay, JD.com (JD) and Japanese e-commerce company Rakuten (RKUNF) -- combined. This is how a stock is born This is how a stock is born Related: Alibaba is not the Amazon of China However, there are a number of risks investors need to be aware of before jumping into Alibaba. First, Alibaba has an unusual corporate structure that gives its partners control of the board and regular investors little power. The Hong Kong exchange doesn't even allow this type of structure. Also, Alibaba's platforms have in the past been a haven for counterfeit goods. The Office of the U.S. Trade Representative previously labeled Alibaba's Taobao platform a "notorious marketplace" with "widespread availability of counterfeit and pirated goods." However, Alibaba has been on a mission to clean house ahead of the IPO. Related: Should you buy the Alibaba IPO? alibaba IPO 2 Ma, the unlikely billionaire founder of Alibaba, is making a fortune on the IPO. He is selling 12.75 million shares in the deal, which will earn him $867 million. He will keep a nearly 8% stake in the company. The strong Alibaba IPO represents a big win for Yahoo (YHOO, Tech30). That's because the U.S. Internet company owns a 22.4% stake in Alibaba. Yahoo is expected to unload about 140 million shares during the IPO. Other winners in the Alibaba IPO include the underwriters, who are set to haul in millions in fees. These Wall Street banks include Credit Suisse (CS), Deutsche Bank (DB), Goldman Sachs (GS) and JPMorgan Chase (JPM). First Published: September 18, 2014: 5:46 PM ET by TaboolaSponsored LinksYou May Also Like Next Big Thing in High-Tech Startups to Watch VentureCapital News Build Amazing Simple Website In Only 10 Minutes ! Wix.com This Is How You Can Build Your Own Site Easily Lifegooroo More from CNN Money 'Capture' of Chinese national fighting with ISIS gives China jitters Morgan Stanley predicts stock market surge Burger King's CEO is only 34 'Sixth Sense' star Haley Joel Osment sports surprising new look Peanut butter killed his mom; now son watches company brass stand trial IRS hits Vanessa Williams with a big tax lien Around the Web He Made Beggars Open Bank Accounts & Transformed Lives Of Villagers In Tamil Nadu Milaap.org Stock Market– Iconic Symbol of Capitalism– Rigged, Fixed, Scam… Its Become a Wild West Of Dueling Algorithms… BizShifts-Trends StartUp Funding Best Matters Interesting Quotes That Will Change How You See The World All That Is Interesting [what's this] Join the Conversation

http://money.cnn.com/2014/09/18/investing/alibaba-ipo-price-68-dollars-jack-ma/index.html?hpt=hp_c2

It's official: Alibaba prices at $68

By Matt Egan @mattmegan5 September 18, 2014: 9:19 PM ET

7 things you can do on Alibaba

454

TOTAL SHARES
276
129
49

NEW YORK (CNNMoney)

Alibaba, the Chinese e-commerce giant, secured its place in history Thursday as the largest U.S.-listed initial public offering (IPO) of all time.

The stock priced at $68 per share. That's at the top of the expected range, signaling strong demand.

Only large investors like hedge funds are typically able buy at this IPO price. Alibaba's shares will begin trading Friday under the ticker symbol "BABA" on the New York Stock Exchange. At that point, anyone can buy the stock.

The IPO deal raised $21.8 billion, the largest ever for a company listed on an American exchange. In any deal like this, the investment banks that help make it happen have the option to purchase additional shares. If you include all of those shares, the IPO would raise $25 billion -- a world record.

Alibaba, which was founded by former English teacher Jack Ma, is now one of the biggest tech companies in the world.

If you've never heard of Alibaba, you're definitely not alone.

The Chinese company is often described as a mash-up of eBay (EBAY, Tech30), Amazon(AMZN, Tech30) and PayPal. Alibaba has little presence in the U.S., though that's expected to change. At the moment, it does own a stake in ride-sharing service Lyft.

Alibaba is hitting the public markets with some elite Silicon Valley company. The IPO values Alibaba at a whopping $167.6 billion. That's more than double eBay's $64 billion market value and even tops the market cap of 20-year-old Amazon.com.

Based on Alibaba's earnings for the 12 months ended in March, the IPO values Alibaba at a lofty price-to-earnings multiple of 44.

But investors are focused on Alibaba's dominance in e-commerce in China, which has a fast growing middle class.

The value of all the merchandise changing hands on Alibaba's platform totaled $248 billion in 2013, according to estimates by IDC. That's greater than the gross merchandise volume of Amazon.com, eBay, JD.com (JD) and Japanese e-commerce company Rakuten(RKUNF) -- combined.

This is how a stock is born

However, there are a number of risks investors need to be aware of before jumping into Alibaba.

First, Alibaba has an unusual corporate structure that gives its partners control of the board and regular investors little power. The Hong Kong exchange doesn't even allow this type of structure.

Also, Alibaba's platforms have in the past been a haven for counterfeit goods. The Office of the U.S. Trade Representative previously labeled Alibaba's Taobao platform a "notorious marketplace" with "widespread availability of counterfeit and pirated goods." However, Alibaba has been on a mission to clean house ahead of the IPO.

Ma, the unlikely billionaire founder of Alibaba, is making a fortune on the IPO. He is selling 12.75 million shares in the deal, which will earn him $867 million. He will keep a nearly 8% stake in the company.

The strong Alibaba IPO represents a big win for Yahoo (YHOO, Tech30). That's because the U.S. Internet company owns a 22.4% stake in Alibaba. Yahoo is expected to unload about 140 million shares during the IPO.

Other winners in the Alibaba IPO include the underwriters, who are set to haul in millions in fees. These Wall Street banks include Credit Suisse (CS), Deutsche Bank (DB), Goldman Sachs (GS) and JPMorgan Chase (JPM).

First Published: September 18, 2014: 5:46 PM ET