Home / Knowledge / News / Apparel/Garments / Alibaba on course to create IPO debut history
Alibaba on course to create IPO debut history
18
Sep '14
China-based online major Alibaba Group is all set to sell almost $22 billion of shares on Thursday, which could perhaps be the world's largest ever initial public offering (IPO) and which has evinced keen interest from worldwide investors.

Alibaba shares are expected to be priced after the markets close at 4 PM (US time) on Thursday and will begin trading on NYSE the very next day under the ‘BABA’ ticker.

Following strong demand, Alibaba raised the IPO price range to between $66 and $68 a share, up from $60 to $66 per share price range it had filed with regulators earlier.

At the top end of $68 a share, Alibaba will raise nearly $22 billion and if underwriters exercise an option to sell more shares, the IPO will top Agricultural Bank of China’s record $22.1 billion listing in 2010.

Alibaba, which began operations on a B2B model, set its sights on a B2C model by setting up an international logistics firm Cainiao Network Technology Company last year. It also started AliExpress to act as a bridge between China's small and medium enterprises and retailers worldwide.

Alibaba is guided by Jack Ma, a former teacher turned entrepreneur, who along with 18 other founders set up the global online company with hopes of being counted among top 10 internet companies in the world. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search