Alibaba founder Jack Ma (center), along with other executives at the door of Bag New York. / Scott Eells (Bloomberg)
Alibaba premiered on Wall Street with an initial increase of 36%, to $ 92.70 a share, in the time when the first exchange of shares on the New York Stock Exchange was performed. The Chinese e-commerce giant and made history, not only by 21.800 billion earned in placement. It is the largest corporation that opens in the floor, with an overall score in the opening minutes amounted to about 228,000 million dollars (177.000 million euros) and to colocóentre the 20 largest listed companies in the world.
The stock Alibaba premiere took place two hours past the start of the session on Wall Street. The price adjustment first exchange of shares was delicate and laborious at all times to avoid the mistakes that led to the disastrous placement of Facebook two and a half years ago. The first indication was already anticipating that it would open above $ 80. Hence, gradually rising to over $ 90 a share
. Maximum reached at the meeting was 99 , $ 7 per share, to be played just a few seconds after the premiere. Then gradually decreased to close at $ 93.89, still 38% above the initial value, equivalent to 231,000 million (180,000 million), enough to be placed in position 17 on the list of the largest companies in the world by market capitalization is larger than JPMorgan Chase, Verizon, Pfizer and IBM or combination of Facebook and Twitter or Western rivals Amazon and eBay together.
The starting value was 167.600 billion. That was the capitalization corresponding to the $ 68 price for which was made on the eve of their actions. With such valuation is already becoming the largest stock market debut in the world, surpassing the 133,400 million capitalization of the Agricultural Bank of China when it went public in July 2010 in Hong Kong or of 131.800 million ICBC in October 2006.
The third biggest opening to date was another financial firm in the same country and in the same market. The Bank of China was valued at 94,100 million when it opened in May 2006 to find the fourth had to go across the world. Facebook starred in May 2012 the biggest opening on Wall Street an American company with a capitalization of 81,250 million doubled since then
If the enthusiasm seen in recent months remained, Alibaba was relatively easy even surpass Facebook in the first trading day. The social network founded by Mark Zuckerberg worth 198,700 million dollars at the time of the start of the session on Nasdaq. A Chinese company and had only to rise 15% from the final value of the offer, an increase that eventually more than doubled. The question was rather to see how he approached Google
. Technological Mountain View company, the Powerful Internet, 398.400 million worth ringing the bell. It is the third largest listed corporation in the world, behind ExxonMobil, a classification that Apple crown, with 608,250 million capitalization. The fourth is Microsoft, with a valuation in the stock market of 383,300 million
.’s Another technological benchmark is IBM, with an assessment before the bell of 192,300 million. Not far followed the South Korean Samsung and Oracle. If history helps put things in context, the performance of large companies onto the parquet is usually pretty disappointing. The average Wall Street is less than 10% appreciation in the first day of trading and becomes negative in the first year
Investors also set in three Chinese values to understand where it might go Alibaba. Would like to see something like Baidu, which debuted in August 2005 with an increase of 350%. Since then builds an appreciation of 8.000%. More short-term fix in Leju. It rose 19% in the first day in April, which rose to 38%. The opposite side is RenRen, which rose 30% in March at the premiere but fell by 75% over the offer.
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