YouTube

sign up forgot login?
search for these words:
limit on this user:
    
Supverse
Filtered on: #Softbank_Corp > showing 1 comment covering 100 days


Arts
Business
Computers
Games
Health
Home
Recreation
Science
Society
Sports
#Alibaba 's favors US IPO after dealing with Hong Kong for over a year


There was no more time to loose in order to float the company Alibaba's US choice is a blow to Hong Kong's financial industry, in terms of lost prestige, fees and trading volumes. The absence of a large, dynamic tech company will sting the Hong Kong #exchange as it tries to diversify its publicly traded stocks away from Greater China financial and property companies, bolstering its status as a global financial centre.

Hong Kong's loss is the U.S. financial industry's gain. The deal has the potential to bring in about $300 million in advisory fees alone for the banks involved, based on an estimated 1.75 percent commission of the multibillion dollar offering.

Alibaba's largest shareholders are Internet services company #Yahoo Inc with 24 percent and Japanese telecoms and media company #Softbank_Corp with 37 percent. Based on the average of 12 analysts, Alibaba is estimated to have a market value of $141 billion.

Based on that valuation, and Yahoo selling half its stake, as previously agreed, the IPO could raise more than $17 billion.

&Rob 2014-03-19  


screenshots generated by page2images | Site Snapshot by PagePeeker | raw sentiment and classification data by uClassify | copyright 2014-2019 DYNO3 LLC | Terms of Use and Privacy Policy