Introduction record for Chinese Alibaba Wall Street – Le Figaro

Introduction record for Chinese Alibaba Wall Street – Le Figaro

The shares of the Chinese company online business will be listed for the first time this Friday at the New York Stock Exchange. Jack Ma and his team have raised $ 21.8 billion. Most of Visa in 2008 is beaten.

Jack Ma, incarnation of business success for millions of Chinese, will ring today the bell marking the opening of the session on the New York Stock Exchange (NYSE). Alibaba shares, Chinese e-commerce company he founded fifteen years ago, will be listed for the first time. Praised by institutional investors eager to enjoy great potential for growth, Alibaba should beat several records during its IPO. The valuation of $ 168 billion, reflected in the sale price of the shares, making the company the number three in the Internet behind Google and Facebook.

More transactions Amazon and eBay online together

After a two-week tour to convince fund managers from Baltimore to Singapore via New York, Denver and London, Jack Ma and his team have raised $ 21.8 billion. Most of Visa in 2008 is beaten. At the time, the American leader in payment systems had collected $ 19.7 billion in the American market.

Alibaba Wall Street chose to seek a listing for the American regulator is more tolerant than Hong Kong in respect of the control that Jack Ma, a former English teacher aged 49, wants to keep the composition of the board of directors of the company. It turns out that also the Nasdaq market failures during the turbulent introduction of Facebook prompted to select the NYSE Alibaba for this historic operation The Chinese company is unknown to 88% of Americans. It is therefore not expected to craze small US Holders, as the introduction of Facebook in 2012.

However, the company Hangzhou already accounts for more online transactions and Amazon eBay combined. If it dominates the Chinese market, with 280 million active customers, it is still absent from the international markets. The vastness of the Chinese market has enabled it to achieve last year $ 248 billion of transactions. Its listing in New York now provides strong recognition that will help it expand internationally.