Alibaba Thursday wrote a new chapter in the history to star the largest IPO of the records that have , after raising 22,000 million with its initial public offering of shares (IPO) and shine on debut in Wall Street to shoot more than a third of its value in one day.
At the end had to wait two hours since the opening of the trading day until the Chinese e-commerce giant began trading on the New York Stock Exchange (NYSE).
He did and exceeded all expectations. shares were exchanged for $ 92.7 first time, almost 37% more than the offer price
A day before, Alibaba makers had informed the Securities and Exchange Commission (SEC) that fi flected the final price of its IPO at $ 68 , the highest point of the fork they had anticipated, thus envisaged a collection of at least 21,800 million, a new record on Wall Street.
“Fourteen years ago I asked my wife if she wanted it to be a rich man or preferred a respected businessman. She obviously answered a respected businessman, because he never thought he would be rich, “he said from the floor of New York Jack Ma while his company was preparing to make history.
Before expected debut experts NYSE made a first calculation that fixed the price of securities of Alibaba in a range between 80 and 83 dollars, but with the passing of the minutes was up, first between 82 and 85 dollars, then between 87 and 89 dollars, and between 91 and finally $ 93 .
Only the first fifteen minutes contracting had exchanged more than 127 million shares , up from 110 million in Twitter debut last year, but still far from the 567 million shares that were changed on the first day quotes Facebook in its rugged premiere of 2012.
Two hours after landing on Wall Street trading at $ 92.5, slightly below the asking price but well above the offer, and reached a market value of more than 228,000 million dollars , behind other giants like Apple, valued at 609,000 million, or Google, about 400,000 million.
The giant Chinese e-commerce, whose shares reached above $ 99 sometime in the day, thus overcomes one of its major rivals, the Amazon website , whose market capitalization stands at around 151,000 million, or website Facebook, which is worth 200,000 million.
The CEO of Alibaba was “honored and very happy” with the IPO, and while all eyes were placed on him, he wanted to leave the stage to a group of clients of the company, who did the traditional bell ringing I start with is given to stock trading.
“ Our top priority remains our customers , ahead of employees and our shareholders. And on Thursday the issue is not money, is that people trust us, “Ma repeated financial television channel CNBC, adding that he hopes that one day his company is” bigger than Walmart “and looks like IBM or Microsoft.
The businessman also said he has fulfilled his “American Dream” and said that one of his heroes is Forrest Gump, the character played by Tom Hanks in the nineties. “I like the guy and I’ve seen the movie about ten times, each time I’m frustrated I see, and I saw before coming to New York,” he revealed.
The company he founded fifteen years ago in an apartment in his native Hangzhou after borrowing $ 60,000, currently has with 279 million active users in over 190 countries and manages about 14,500 million per year operating through different portals.
Alibaba, which won last year 3,700 billion and revenues of 8.400 billion, employs approximately 25,000 people who operate the website Alibaba.com and eTao search engine, in addition to its own technology online payment, Alipay, hence it is a mixture of Amazon, eBay and PayPal.
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