Tina FX
All posts from Tina FX
Tina FX in Tina FX,

Alibaba planning to launch IPO in US

China’s largest e-commerce company Alibaba is planning for initial public offering in the U.S. Alibaba is valued by investment banks at around $120 billion and is planning to list its shares on NYSE. The main reason of moving to U.S. is that Hongkong exchange doesn’t allow IPOs of different class shares which U.S. exchanges allow. Similar structure was followed by Facebook which helped its founder keep control of the company after it went public. Japan’s company Softbank Corp. and Yahoo also owns Alibaba which is about 37 percent and 24 percent respectively.If the value of Alibaba is really $120 billion then it would be the third biggest internet company behind Google and Amazon.In my opinion Alibaba may come up with the biggest IPO after Facebook if everything goes well.