Atlas Asia Investment Partners Reports Alibaba IPO Heading to US Exchange

Atlas Asia Investment Partners says Alibaba has brought months of speculation to an end with an announcement that it intends to list on an American stock exchange.

Kowloon, Hong Kong., Wednesday, March 19, 2014 - According to Hong Kong’s Atlas Asia Investment Partners, China’s number one e-commerce company, Alibaba has formally announced that it intends to seek a listing for its stock on a US exchange during 2014. The news has brought to an end months of speculation amid a number of high-profile acquisitions made by the company in an effort to strengthen areas in which it was considered to be weak, including mobile.

The IPO, which many commentators believe will be the largest internet company listing since Facebook’s in 2012, may see the company valued at some $140 billion.

“They’re expecting to raise around $15 billion so 90% of the company will remain in the hands of the existing stockholders including Yahoo which has a 24% stake it bought in 2005,” said an Atlas Asia Investment Partners analyst.

Alibaba is relatively unknown in the West but it claims that more merchandise passes through the various online platforms it owns than is handled by internet giants eBay and Amazon combined. “Numbers like those put the company’s size into some kind of perspective and explains why the IPO will attract a lot of attention from investors around the world and why the name will soon be as ubiquitous as eBay and Amazon,” said the Atlas Asia Investment Partners analyst.

Alibaba was established by several partners in 1999 as a shopping site but has since expanded to the stage where more than $150 billion dollars’ worth of merchandise passes across its portals every year. The site puts buyers in touch with sellers at all levels from business-to-business and business to consumer.

Analysts at Atlas Asia Investment Partners say they believe the IPO will inevitably be over-subscribed but they remain confident that the stock will eventually become as widely-owned as Apple and eBay.

Contact Details

Company Name: Atlas Asia Investment Partners
Issued By: Philip Douglas
Phone: 85258085731
Address: Room 2201-6 Global Gateway Tower 63 Wing Hong Street Cheung Sha Wan Kowloon Hong Kong
City: Kowloon
State: Kowloon
Zip: 0000
Country: Hong Kong
Website: Visit the website

Keywords : atlas asia investment partners, alibaba, IPO, e-commerce, stock exchange,

by Philip Douglas (few years ago!)

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