The Largest IPO Launch Of The Internet Is Estimated To Be More Than $100 Billion

After a long period of entanglement, on Sunday afternoon, a href= "//www.sjfzxm.com/news/index_c.asp" > Alibaba < /a > suddenly announced that it had officially launched the listing in the United States. This also meant that the expected value of the P was the largest IPO in the global Internet industry, which was more than $100 billion.

Prior to that, the most popular listing place for Alibaba was Hongkong, China. However, due to policy reasons, the two sides could not reach an agreement. Finally, Alibaba decided to choose to list in the US.

Yesterday, media reports reported that Alibaba was expected to formally submit IPO documents on the 25 day of this month. The Alibaba said yesterday that it did not comment.

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< p > < strong > IPO set sail < /strong > /p >

< p > < strong > Alipay is not among them < /strong > < /p >.

< p > last Sunday around 2 p.m., the Alibaba suddenly announced that the announcement of the official launch of the "a href=" //www.sjfzxm.com/news/index_cj.asp "listing" /a "marks the start of the highly concerned IPO.

It is said that the Alibaba may submit its application as early as April, and the first 3 quarter was IPO, < /p >

In 2012, Alibaba Hong Kong listed companies realized its privatization. At that time, Ma Yun announced that it would realize the overall listing of the entire Alibaba group. After only a year later, the news of last year's overall listing of P began to spread wild.

According to the investment bank and analysts, the overall valuation of Alibaba group will exceed 100 billion dollars, and IPO financing is expected to reach US $18 billion. It will probably exceed the scale of $16 billion raised by Facebook, a famous social networking site at IPO, and set a new record for Internet Co listing. This will also become the largest IPO in the global Internet industry.

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< p > it is worth noting that the listing of Alibaba includes only the relevant assets of the electricity supplier industry, and the financial industry, including Alipay, has been divestied to the small and micro financial services group, which is being prepared, which is not within the scope of the listing.

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< p > < strong > twists and turns > /strong > /p >

< p > < strong > Alibaba finally won the US listing, < /strong > /p >

< p > before that, there were many conjectures about the listing place of Alibaba group. The most popular listing place in Alibaba was Hongkong, followed by the US, and the A share market was also included in the candidate list.

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< p > in the announcement issued by Alibaba yesterday, the Alibaba side also said, "the future conditions permit, we will actively participate in the return to the domestic capital market and share the growth of the company with domestic investors". At the same time, the Alibaba side also said, "thank the people from all walks of life in Hongkong for their concern and support for Alibaba.

We respect Hongkong's current policies and starting points, and will continue to pay attention to and support Hongkong's innovation and development. "

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< p > < strong > listed in the US < /strong > < /p >.

< p > < strong > behind is the dispute over the right to speak < /strong > /p >

< p > in fact, Alibaba really wants to go public in Hongkong. Hongkong also hopes to boost the stock market through such large-scale IPO. However, there are differences between the two sides in terms of the shareholding system.

At present, Alibaba group includes three major shareholders, namely, YAHOO, Softbank and Alibaba management. According to the data previously released, Softbank and YAHOO hold respectively 36% and 24% of the Alibaba group. Alibaba management only holds about 13% of the shares, and does not have control rights in shares.

According to the principle of "share the same rights" in the Hongkong stock market, after the listing of Alibaba group, Alibaba management will not be able to control the discourse power of the entire company, which is obviously unacceptable to Ma and his team.

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< p > according to the partnership system proposed by Alibaba, Alibaba hopes to form a dual track ownership structure when it is listed in Hongkong. That is, Alibaba management can grasp the absolute voting right of the board of directors when the stock right is not dominant. Such a system is allowed to be adopted by many companies in the United States, but there is no precedent in the HKEx.

Just a few days ago, media revealed that Alibaba was close to giving up its listing in Hongkong.

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< p > < strong > time pressing < /strong > < /p >

< p > < strong > Alibaba can no longer wait for < /strong > < /p >.

< p > industry analysis shows that another reason why Alibaba can not continue to wait for the HKEx's policy is loose is because it is limited by the share repurchase agreement with YAHOO.

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< p > 2012, Alibaba and YAHOO reached a share repurchase agreement. In the successful acquisition of 50% of Alibaba group's shares held by YAHOO, the two sides also reached an agreement that Alibaba has the right to acquire 50% of YAHOO's remaining Alibaba shares in the future listing, but in order to achieve this acquisition, we must meet several conditions, one of which is that it must be listed before December 2015, and at the same time, the valuation of the group should be no less than 73 billion 500 million US dollars when it is listed.

For Alibaba group, they obviously hope to be able to achieve this acquisition, because time has not allowed Alibaba to drag on.

This reporter Wang Xin < /p >.

< p > < strong > Alibaba, Jingdong, Sina micro-blog...

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< p > < strong > domestic Internet enterprises < /strong > /p >

< p > < strong > to the US IPO wave > /strong > /p >

< p > what is the most popular Internet industry in China?

This micro-blog has some "nonsense" style jokes, but it is a summary of the new round of China's Internet companies.

Last Sunday, Alibaba officially announced the launch of its listing in the United States, which is likely to be the prelude to the largest Internet company in the world. Yesterday, media reports said that Alibaba would formally submit the IPO document on the 25 th of this month, IPO.

Just before the launch of Alibaba, Sina micro-blog announced its separate listing. On the eve of new year's Eve, Jingdong announced its listing in the United States, plus jumei.com in vertical Internet industry. There is no doubt that the so-called "new round of listing in the US market" is not exaggerated.

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< p > < strong > Sina micro-blog is ready to list in the US, < /strong > /p >

< p > < strong > < a href= > //www.sjfzxm.com/news/index_cj.asp > financing > /a > 500 million US dollars < /strong > /p >

< p > reporter learned yesterday that Sina's micro-blog business has formally submitted the IPO (initial public offering) document to the US Securities and Exchange Commission (SEC), and plans to raise $500 million.

This means that sina will split micro-blog business separately.

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Micro-blog P reported 2013 revenue of $188 million, 3 times that of 2012, but it is still in a loss.

This is similar to the Twitter situation in the United States.

But micro-blog said it will strive to increase the number of users, and take commercial measures to achieve profitability.

Micro-blog has not yet announced its listing on the New York stock exchange or NASDAQ.

In November last year, Twitter's IPO was successful and attracted the attention of social media companies again.

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< p > < strong > reporter's notes > > /strong > < /p >.

When will the door of < p > strong > A become open for Internet companies? < /strong > /p >

< p > in Alibaba's listed candidates, A shares have been considered in addition to the popular Hongkong and New York, but they were eventually abandoned.

Between Alibaba and A shares, there is still a short distance: foreign shareholding ratio, ESOP, various approval systems after listing, and even investors themselves, etc., in the eyes of analysts, these factors have become the "stumbling block" for Alibaba to choose A shares.

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< p > in fact, in the current domestic Internet industry, no large Internet Co has chosen to list on A shares. Currently, the largest Tencent in the market is listed on the Hong Kong stock exchange. Baidu, 360, Sina, Jingdong and others all choose to list in the US or soon to come to the United States. Many domestic investors are looking at these Internet companies to become the most dynamic enterprises in the country at present. Looking at the huge market prospects of these enterprises, it is always difficult to share the profits brought by growth with these enterprises. This is indeed a pity.

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When p < a href= "//www.sjfzxm.com/news/index_c.asp" > A shares < /a > when can we really open the door to domestic Internet companies? I hope that after this missed Alibaba, we can see real changes.

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