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Alibaba stock market flotation values it higher than Amazon or eBay. This week Alibaba Stock climbed nearly 40 percent in a IPO.The pricing on Thursday initially raised $21.8 billion for Alibaba.
There are very few companies that are this big, grow this fast and are this profitable,” Wedbush analyst Gil Luria said.Reena Aggarwal, a business professor at Georgetown University, said: “The business model is really interesting. It’s not just an eBay, it’s not an Amazon, it’s not a Paypal. It’s all of that and much more.”
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China Alibaba IPO – largest IPO in history
Alibaba company Facts:
Founded in Hangzhou, China in 1999
China’s leading technology company
Reported $3.06 billion in sales in Q4 2013 – a 66% jump in revenue
Expected valuation in the region of $130 billion
Major shareholders include Japan’s SoftBank Corp. & Yahoo
Shares of Chinese e-commerce giant, during the first day of public trading on the stock market, jumped over a third of Initially set the required value. This is the company’s value set at 228 billion dollars. The only company in America that are worth more as Apple (609 billion), Google ($ 400 billion) and Microsoft (387 million).
What they mostly attributed this success the company Alibaba is that the company conquered the Chinese economy. It is anticipated that Alibaba could do the same thing on American or any other world market.
Another advantage is that the company has unreservedly supported by the Chinese government, which readily supports the local tech industry, compared to rivals who come from America.
On the other hand, the American industry, see company Alibaba as a means to penetrate the markets of Asia / China. Alibaba may not have created a revolutionary new technology, the iPhone that pushes the boundaries or operating system of the next generation: but, in the business technology innovations are not the only thing that is available.
It is important that the technology to enable as many people, and that is where Alibaba leads the market.