Alibaba looking for a $1B IPO
This would be the technology industry’s biggest initial public offering since Twitter, which was back in the autumn of 2013.
As ecommerce has taken hold in China, it has brought with it access to consumer goods. This has proven to be quite a change for a society that, in the 1980s, sometimes still required ration tickets for some supermarket goods.
Alibaba IPO Could Net 150 to 200 Billion Dollars
While the timing is not necessarily the greatest, as investors are skittish, the Alibaba Group’s initial public offering is still expected to earn its investors at least ten billion dollars. They will likely then sell stock at a price that will give the fifteen-year-old company a market value of $150 billion – $200 billion dollars. If these predictions hold water, Alibaba Group will rank among the biggest initial public offerings of all time.
And if that is the case, the a $1 B IPO could very well look like a bargain, in retrospect.
Look to the east.