Alibaba could attract in the market more than 25 billion dollars
Chinese e-commerce giant Alibaba Group, going on this week at the American stock market, raised the price range on Monday sales of its shares from 60-66 dollars per share to 66-68 dollars. This is stated in the published today Form F-1 of Alibaba. According to the company, the decision to raise the price on the output market obuslovnenno already significantly oversubscribed order book for purchase. In Alibaba say that all the declared amount of the sale of shares already signed at the offered price, so the company raises kordior to balance supply and demand. note that at a price of 60-66 dollars per share, the Chinese Internet giant could bring on the market for about 24 billion, which has already made the largest IPO in the history of the American stock market.
Raising the price to $ 68, the company can draw on the market for more than 25 billion dollars. Today, IT placement record is owned by Facebook, which in 2012 attracted 16 billion dollars. If Alibaba declared attract $ 25 billion, its IPO will block 19.1 billion dollars in 2008 were attracted by Visa. Alibaba plans to sell shares under the symbol BABA on the New York Stock Exchange. Alibaba Now the company is not represented in the business sector Europe or the United States (with the exception of orders from China for the delivery of goods), but in China's scale of operations is huge. The company owns several sites e-commerce, including Taobao - an online platform like Ebay, as well as the online catalog Tmall, where big brands sell their products directly to end customers. In June this year, the company launched a new online project 11 Main, to work in the United States, but today it is not achieved significant success in the American market.
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