Alibaba.com will hold the second largest IPO in the history of the Internet

Chinese dotcom shares will receive a massive replenishment on November 6, 2007, when the IPO of the country's largest Internet company, Alibaba.com , will be held. Investors expect to gain about a half a billion dollars from the initial issue of shares of the B2B portal. This is the second-largest IPO in the history of Internet companies after August 2004, when Google sold shares for $ 1.9 billion.

858.9 million shares will be thrown to the stock exchange (17% of the total), so the total valuation of Alibaba.com will be about $ 8.8 billion, which is 66 times higher than expected income for 2008. Experts say that the business valuation is not overstated. China will soon come out on top in the world in the number of Internet users, so that Chinese Internet companies are the most promising by default. When the most popular Chinese search engine Baidu.com conducted an IPO in New York in 2005, the stock price jumped five times on the first day.

Around the issue of shares of Alibaba.com has already begun a stir, quite predictable against the background of the Chinese stock market rush . Fuel to the fire adds to the company's management, which implies a threefold increase in profits in 2007 compared with last year. With such news quotes can jerk up like a rocket.
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About 40% of Alibaba.com is owned by Yahoo (in August 2005, they invested $ 1 billion). In anticipation of the boom IPO of the Chinese “daughter” of Yahoo shares for one month rose by 24%.

via Bloomberg