The Biggest IPO Moment has come .ALIBABA is set to see the biggest IPO in United States to happen by any nation. With a market capitalization of over 160billion with its IPO listing running into 319 pages .. The biggest Ecommerce giant is expected to raise more than than $20 billion, via its ADR ( American Depository Receipts ) which is a a record in U.S. Financial Markets
Post its September 19 IPO,Alibaba will soon be the most valuable Internet company in China and among the top three globally, behind Google and Facebook. Rounding out the top six are Tencent, Amazon.com and Baidu.
Meanwhile contrary to what was said earlier, Alibaba is reported to have set its ADR share between $66 and $68 per share ( as per filing with the Securities and Exchange Commission ) Earlier Alibaba had said that it expected shares to price between $60 and $66
At $68 per share, the company could raise more than $25 billion and have a valuation of around $168 billion, larger than Amazon.com AMZN -1.21%, which has a market capitalization of about $150 billion as of the end of Monday 15th September trading
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