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"Ali Baba" mobilizes $ 25 billion in New York
The Chinese company Alibaba, specializing in trading on the Internet, carried out an initial public offering (IPO) on the New York Stock Exchange. Entry into this financial market was very successful, during the first day of trading the shares went up by about 38%.
Experts believe that Alibaba is able to collect 25 billion dollars during the sale of shares. As a result, in terms of market value, Alibaba can bypass such giants as Facebook, Amazon and eBay.
If all the obligations to sell shares given by the issuers of the securities (underwriters) are met, Alibaba will set a new record, bypassing the Agricultural Bank of China, which collected 2010 billion dollars in 22,1 during the placement of shares in New York.
At the same time, the company itself will receive 8,3 billion dollars, and its US shareholder, the Yahoo group, will attract $ 8,2 billion. Alibaba CEO Jack Ma will sell shares worth 867 million dollars.