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Alibaba files to sell up to $24.3 billion in stock, biggest US IPO ever
CNBC ^ | September 5, 2014 | Staff

Posted on 09/07/2014 10:13:06 PM PDT by 2ndDivisionVet

(VIDEO-AT-LINK)

Chinese e-commerce giant Alibaba on Friday filed to sell up to $24.3 billion in stock, making it the biggest U.S. initial public offering ever.

Alibaba is selling 123 million of the 320 million American Depositary Shares slated for the IPO at between $60 and $66 per share, according to a filing. Shareholders including Yahoo, Ma and executive vice chairman Joe Tsai are offering the remainder.

Yahoo cut its stake in the company to 16.3 percent from 22.4 percent and SoftBank cut its stake to 32.4 percent from 34.1 percent earlier, Dow Jones reported....

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs
KEYWORDS: alibaba; china; clinton; economy; hillary; imports; ipo
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1 posted on 09/07/2014 10:13:06 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

Unsustainable.


2 posted on 09/07/2014 10:18:50 PM PDT by Fungi
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To: 2ndDivisionVet

They sure have been talking this one up.


3 posted on 09/07/2014 10:18:52 PM PDT by Lurkina.n.Learnin (It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care)
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To: 2ndDivisionVet

Alibaba is untrustworthy

I got burned.


4 posted on 09/07/2014 10:19:52 PM PDT by wardaddy (Ferguson MO...but i thought blacks went north to escape the racism of mean ol southerners)
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To: wardaddy

What happened?


5 posted on 09/07/2014 10:22:03 PM PDT by 2ndDivisionVet (The most dangerous man to any government is the man who is able to think things out for himself.)
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To: 2ndDivisionVet

Never even heard of it, what is an alibaba?


6 posted on 09/07/2014 10:25:26 PM PDT by dalereed
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To: 2ndDivisionVet

You can buy 5 20-foot containers of jasmine rice from Vietnam on Alibaba, how useful is that!

High Quality Mill Direct Jasmine Rice 5% and 100% Broken Grade A and B

FOB Price:
Get Latest Price
Min.Order Quantity:
5 Twenty-Foot Container
Port:
Ho Chi Min City
Payment Terms:
L/C,T/T


7 posted on 09/07/2014 10:25:51 PM PDT by FlyingEagle
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To: dalereed

The main Internet site for buying anything from China, and to a lesser extent, other Asian and Middle Eastern nations.


8 posted on 09/07/2014 10:28:49 PM PDT by 2ndDivisionVet (The most dangerous man to any government is the man who is able to think things out for himself.)
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To: 2ndDivisionVet

“Alibaba Group is a privately owned Hangzhou-based group of Internet-based e-commerce businesses including business-to-business online web portals, online retail and payment services, a shopping search engine and data-centric cloud computing services. In 2012, two of Alibaba’s portals together handled 1.1 trillion yuan ($170 billion) in sales, more than competitors eBay and Amazon.com combined.[3] The company primarily operates in the People’s Republic of China, and in March 2013 was estimated by The Economist magazine to have a valuation between $55 billion to more than $120 billion.[3]

The group began in 1999 when Jack Ma founded the web site Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers. Alibaba’s consumer-to-consumer portal Taobao, similar to eBay, features nearly a billion products and is one of the 20 most-visited websites globally. Alibaba Group’s sites account for over 60% of the parcels delivered in China.[3]

Alipay, an online payment escrow service, accounts for roughly half of all online payment transactions within China. The vast majority of these payments occur using Alibaba services.[4] The company in September 2013 was seeking an initial public offering in the United States after a deal could not be reached with Hong Kong regulators.[5] Planning took 12 months with with the IPO finally planned to hit the market in September 2014. The ticker was allocated as BABA, while the raising was expected to be $20 billion.[6]”

http://en.wikipedia.org/wiki/Alibaba_Group


9 posted on 09/07/2014 10:29:23 PM PDT by Lurkina.n.Learnin (It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care)
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To: dalereed
Ali Babba and the Forty Thieves. http://www.pitt.edu/~dash/alibaba.html
10 posted on 09/07/2014 10:55:20 PM PDT by Fungi
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To: Lurkina.n.Learnin

http://en.wikipedia.org/wiki/Alibaba_Group

The company was founded in the current CEO, Jack Ma’s Apartment.[35] Jack Ma said, “One day I was in San Francisco in a coffee shop, and I was thinking Alibaba is a good name. And then a waitress came, and I said do you know about Alibaba? And she said yes. I said what do you know about Alibaba, and she said ‘Alibaba and 40 thieves’. And I said yes, this is the name! Then I went onto the street and found 30 people and asked them, ‘Do you know Alibaba?’ People from India, people from Germany, people from Tokyo and China… They all knew about Alibaba. Alibaba — open sesame. Alibaba is a kind, smart business person, and he helped the village. So…easy to spell, and globally known. Alibaba opens sesame for small- to medium-sized companies. We also registered the name Alimama, in case someone wants to marry us!”[36][37


11 posted on 09/07/2014 10:58:03 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: Jack Hydrazine

Alibaba is going to steal billions from stupid investors


12 posted on 09/07/2014 11:06:58 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: Lurkina.n.Learnin

Is anything in China really “privately owned?”


13 posted on 09/07/2014 11:08:01 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: GeronL

You got that right!


14 posted on 09/07/2014 11:09:32 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: Jack Hydrazine

I’m still miffed about seeing 64GB USB cards advertised for 1-2 bucks each, minimum order 100.

The mark-up on those things is criminal!


15 posted on 09/07/2014 11:10:52 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: 2ndDivisionVet
Why did Hong Kong decline to permit an Alibaba IPO in Hong Kong last year? We have seen this pattern before, where U.S. compliance has turned out to be more lax than Hong Kong's, resulting in the evaporation of market cap.

Why did Ma, the founder, resign as CEO?

Why was there widespread approvals of thousands of fraudulent merchants, despite complaints: lack of internal controls, perhaps, or even worse, a corporate culture that condones fraud?

Can any of Alibaba's numbers be trusted?

A successful Alibaba IPO will tell us the market's appetite for risk.

16 posted on 09/07/2014 11:49:00 PM PDT by Praxeologue
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To: expat_panama
FYI Ping-a-Ling!
17 posted on 09/07/2014 11:50:29 PM PDT by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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To: GeronL

I could see someone placing a big order and not realizing it didn’t include shipping and duty.


18 posted on 09/07/2014 11:52:36 PM PDT by Kirkwood (Zombie Hunter)
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To: All

Alibaba.com = Cheaply made, often counterfeited Asian junk sold inexpensively in bulk.

Yes, I’ve bought some stocking stuffers from their “sister site” Aliexpress.com where you don’t have to buy in bulk.


19 posted on 09/07/2014 11:54:58 PM PDT by Rodney Dangerfield (Has any President in history sunk to such a level of self-flattery & validation-seeking?)
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To: Rodney Dangerfield

BTW, a lot of the successful ebay sellers buy from alibaba and aliexpress.

I made some good money selling “Sons of Anarchy” patches bought for cheap and sold for a lot on ebay until FX sent me a cease and desist email for copyright violation, but not until I sold about a dozen sets.

There are a lot of other things to buy and sell that will make you money. The trick is to figure out what’s hot and what will sell and you’d be surprised at the profit margin.

The trick is to discover the latest trend early, buy a small amount of the product as a test and put it up on ebay and if it sells well, then go all in.

Find other products and repeat and watch the cash roll in.

I’m no expert, but I can see making several grand a month if someone dedicated themselves to doing this.


20 posted on 09/08/2014 12:03:17 AM PDT by Rodney Dangerfield (Has any President in history sunk to such a level of self-flattery & validation-seeking?)
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