阿里巴巴提升首次公开募股股价

 

The firm said in an official filing that it expected to price its shares at between $66 and $68 a share, up from its earlier price range of $60 to $66 a share. 

 

The increase suggests demand for the firm's shares are high.

 

Its listing is expected this week.

 

Alibaba would have a market value of up to $168bn based on the new price range, making it larger than Amazon. 

 

Alibaba plans to use the proceeds from the listing to expand in the US and Europe, founder¹ Jack² Ma said on Monday. 

Record listing

 

Alibaba's flotation was already expected to be the largest listing in the US, overtaking the Agricultural Bank of China's 2010 flotation which raised $22.1bn.

 

Alibaba accounts for 80% of all online retail³ sales in China. Its sites also include Taobao, Tmall, and AliExpress.

 

The company is selling 123.1 million of the 320.1 million shares in the IPO.

 

Meanwhile, selling shareholders⁴, including founder Jack Ma, Yahoo and executive vice⁵ chairman Joe Tsai, are offering the rest.

 

Rising internet usage in China and a growing and affluent⁶ middle-class helped the firm make a profit of almost $2bn in the three months to the end of June, with sales up by 46% year-on-year to $2.54bn.

分享到：