Komatsu Global KMG - Alibaba US Float Set To Kick Off.

Komatsu Global, Chinese e-commerce colossus Alibaba has announced it intends to list its shares on a public stock exchange most likely in the US.

Komatsu Global (KMG): China’s largest e-commerce company, Alibaba has brought months of speculation to an end and formally that it intends to list its stock on a public stock exchange.

Although it says that no final decision has been made as to where the initial public offering (IPO) will be listed, the company is thought to be leaning towards a US stock exchange owing to technical restriction imposed by Hong Kong’s Shanghai exchange.

“We think the IPO will be hugely oversubscribed and will represent a fantastic opportunity to own a piece of what will almost certainly be one of the world’s e-commerce leaders by the next decade,” said an said an KMG Global analyst.

Alibaba has been particularly acquisitive of late snapping up applications developers and mobile messaging companies in what many believe was a drive to shore up areas in which it could be considered weaker than rivals like Tencent Holdings which owns the WeChat mobile messaging platform.

Commentators are estimating that the IPO could be the largest internet-based IPO since Facebook’s in 2012. Alibaba is said to be expecting to raise a sum in the region of $15 billion. This would leave 90% of the remaining stock in the hands of its private owners but effectively put a price tag of close to $150 billion on the company.

“Investors wishing to gain indirect exposure to Alibaba can do so right now buy purchasing stock in Yahoo Inc. which holds a 24% stake in the company,” said an Komatsu Global KMG analyst.


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