Exchange Database
Alibaba kicks off IPO global roadshow in NY
China's e-commerce giant Alibaba Group kicked off its 10-day international roadshow to pitch investors prior to its expected record-breaking initial public offering (IPO) on the New York Stock Exchange. Alibaba's founder and executive chairman Jack Ma reportedly met with several hundred investors at the Waldorf Astoria Hotel in New York, the roadshow's first stop before the company continues the tour in the US, Europe and Asia, including cities like Boston, Los Angeles, Singapore and London.
Outcomes:
E-commerce giant Alibaba - whose IPO experts say could raise up to $21.1 billion - is the world's largest online and mobile commerce company with 279 million active shoppers. The company updated its SEC filing on Sept 5, with shares expected to be priced at between $60 and $66 - higher than Yahoo Inc, which owns some 22 percent of Alibaba. At this range, Alibaba is valued at $160 billion, making it the largest IPO ever in the US. Hangzhou-based Alibaba connects buyers and sellers through its six marketplaces including Taobao.com and Tmall.com. The e-commerce giant, with its main focus on the 1.3-billion-customer-based Chinese market, including more than 620 million internet users, has spent $4.6 billion on acquisition deals this year.
Government?:
No
Type of Exchange:
business
Partners:
Alibaba Group
New York Stock Exchange
Sponsor(s):
Alibaba Group
Participants (Types):
Jack Ma- founder and executive chairman of Alibaba Group Holding, several hundred investors
Exchange Date:
Monday, September 8, 2014 to Thursday, September 18, 2014
Continuing:
No
Image:
Location:
New York City, Boston, Los Angeles
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