The long-awaited day has arrived on Wall Street, which is preparing to welcome one of the richest offers ever launched on the New York market. Alibaba's super IPO kicks off today, preparing to land on the stock exchange with a placement price of $68 per share, the maximum of the range between $66 and $68, revised upwards from an initial range of $60-66 .
The Chinese e-commerce giant will thus raise 21,8 billion dollars, reaching a market value of 168 billion, more than the auction site eBay, the microblogging site Twitter and the social network for professionals LinkedIn combined.
Though it fell short of the title of the largest IPO in history, Alibaba still outbid Facebook and General Motors. However, if the "green show" option is exercised, which allows the sale of further securities, the Chinese group could raise up to 25 billion and would make history, because it would surpass the record currently held by the Agricultural Bank of China, which in 2010 it raked in 22 billion on the market.
In addition to Jack Ma, co-founder and president of Alibaba, Yahoo is also seeing the valuation of its stake inflated, up to now by around 24% (with the IPO, the company led by Marissa Meyer collects 8,3 billion dollars by selling securities as part of a deal with Alibaba). In the case of Ma the value of the shares held is approximately 13,1 billion dollars while in the case of the American Internet group it is 27,3 billion.
The market debut will take place on the New York Stock Exchange under the symbol "BABA". Furthermore, according to an analysis by Ig, Alibaba shares could mark a rally on the first day of listing, reaching a capitalization of 217 billion dollars. The expectation, in particular, is that the title can close today at 88 dollars with a leap of 30%.
