Alibaba shares collapsed after the first since the release of the IPO financial report

According to Reuters, citing data from the New York Stock Exchange (NYSE), the first financial report of the Internet company Alibaba Group Holdings after a triumphant IPO disappointed investors, and shares fell by almost 10%.

Background: how did the Alibaba IPO go

In September 2014, Jack Ma's company held a record-breaking IPO on the New York Stock Exchange (we wrote a separate topic about choosing a site to place shares), having managed to raise about $ 22 billion while valuing the business at $ 167.8 billion (now capitalization increased $ 245 billion). Such an overwhelming success was not prevented even by the accusations of supporting the illegal business by the Chinese authorities and statements about the non-transparent structure of the companies belonging to the holding by the press.

')

Alibaba representatives also made a statement about the report of the Ministry of Industry and Commerce of China, in which the company was accused of supporting illegal business. Alibaba noted that there are flaws in the report and that the company did not see the document before it was published and did not ask to hold it until the completion of the IPO process.

What upset investors

The ecommerce giant reported revenue growth of 40% to $ 4.22 billion in the third quarter of the 2015 fiscal year (ended December 31, 2014) - according to Reuters, the analyst expected to see an increase of $ 4.45 billion. The market was disappointed and the net value the company's profits - for the quarter it fell by 28% to $ 964 million.



The companies did not even help reporting on the growth of online purchases at holding sites in China by 49% compared with last year and an increase in the number of active buyers by 45% to 334 million people. For three months, total sales on Alibaba sites exceeded $ 127 billion.

“Our mobile sales revenue for the quarter exceeded $ 1 billion,” said Alibaba CEO Jonathan Lou.

How much cheaper stocks

Holdings shares fell by almost 10% to 88.75 dollars - trading closed at around 89.81 dollars. Alibaba’s stock crash cost about $ 25 billion in market capitalization. At the same time on the day of the IPO quotes Alibaba shares reached $ 98.







Alibaba founder Jack Ma

How to buy Alibaba shares in Russia

On November 28, the St. Petersburg Exchange started trading in foreign securities (here's a topic about this on Habré) - Russians had the opportunity to acquire shares of well-known technology companies like Facebook, Google or Apple without the need to conclude brokerage contracts with foreign companies.



Recently, Alibaba shares have also been added to the list of available securities. To get access to trading in foreign securities on the St. Petersburg Stock Exchange you need to leave a request .



PS We already wrote that on the St. Petersburg Stock Exchange there was an opportunity to purchase shares of foreign companies (Google, Facebook, Alibaba, etc.). An online conference will be held tomorrow (February 3), during which representatives of the Exchange and ITinvest will answer all questions on this topic. The broadcast will be available on the site by reference .