三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Alibaba said to target global IPO roadshow in September

By Bloomberg | China Daily | Updated: 2014-08-14 07:20

Managers are set to travel across three continents to hold 100 meetings with potential investors

Two weeks, three continents and 100 meetings. That - and company founder Jack Ma celebrating his 50th birthday on the road - is what it will take for Alibaba Group Holding Ltd to pull off the largest initial public offering in US history.

The Chinese e-commerce company is weighing a plan to start marketing shares to investors on Sept 3, with management traveling across Asia, Europe and the United States before the IPO mid-month, people with knowledge of the matter said.

The schedule, put forth by banks managing the IPO, would have meetings begin in Hong Kong and Singapore before executives travel to London and eventually host their first US event in New York on Sept 8, the people said, asking not to be identified. The timeline has Alibaba targeting a Sept 16 trading debut, the people said.

The investor meetings - called a roadshow - will give Alibaba the opportunity to answer questions from the world's biggest fund managers and build demand for its shares. Expected to raise as much as $20 billion, the IPO has the potential to be the largest in the US. The company's official price range is expected to be revealed on Sept 2.

For trading to start on Sept 16, Alibaba would have to set its final price the day before, a Monday. It is uncommon for companies in the US to price IPOs on a Monday, in case news over the weekend has negatively affected market sentiment in the final day of the deal. The plan could change, although Alibaba wants to avoid debuting near the holiday of Rosh Hashana, the Jewish New Year, the following week, one of the people said.

With six financial advisers already managing the sale, Alibaba plans to name additional banks that will have smaller roles in the deal, according to people familiar with the matter. The company also will update investors with earnings from the quarter through June, those people said.

Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase & Co, Morgan Stanley and Citigroup Inc are the most senior banks on the IPO. Alibaba may end up using more than 20 financial advisers in all, one person said.

Shares of Japanese wireless carrier SoftBank Corp, Alibaba's largest shareholder, rose 2.4 percent at the close in Tokyo on Wednesday. Florence Shih, a Hong Kong-based spokeswoman for Alibaba, declined to comment.

At $20 billion, Alibaba's sale would edge past Visa Inc's $19.65 billion IPO in 2008 as the largest in US history.

Alibaba plans to divide executives into two separate teams, which will lead about 100 meetings in total, according to the people. The teams will mostly be together for the larger group meetings, while separating to meet with individual investors, they said.

In the US, Alibaba will visit with investors in Boston, Massachusetts; the Mid-Atlantic region; Kansas City, Missouri; Denver, Colorado; Chicago; Los Angeles; and San Francisco.

On Sept 10, when Ma celebrates his birthday, investor meetings will be held in New York, the people said.

Alibaba is waiting until next month to begin marketing shares as it seeks regulatory approval of its prospectus, a person with knowledge of the matter said last month. The company, which had initially targeted an early August trading debut, is holding off to avoid rushing the deal as it continues discussions with the US Securities and Exchange Commission.

The Chinese e-commerce operator may set its IPO value at $154 billion, or 22 percent below analyst valuations, according to average estimate of five analysts surveyed by Bloomberg last month. The same analysts gave Alibaba an average post-listing valuation of $198 billion, the survey shows.

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产精品久久久久久久久久一区 | 国产在线91精品入口首页 | 国产香蕉在线观看 | 91久久爱 | 亚洲一区国产 | 亚洲综合成人网 | 久久东京伊人一本到鬼色 | 亚洲欧美偷拍视频 | 欧美在线性 | 久久久久久久国产精品 | 黄色短视频免费看 | 国产一区二区三区欧美 | 清纯偷拍精品视频在线观看 | 日本一级毛片视频在线看 | 国产精品99在线观看 | 在线亚洲精品国产成人二区 | 全部免费特黄特色大片农村 | 麻豆免费永久网址入口网址 | 欧美大片国产在线永久播放 | 中文国产成人精品久久一区 | 国产精品欧美日韩视频一区 | 最近免费中文在线视频 | 国产精品久久久久无码av | 香蕉视频黄在线观看 | 小明明看看视频永久免费网 | 人人狠狠综合88综合久久 | 日韩国产欧美精品综合二区 | 国产农村一一级特黄毛片 | 五月香婷婷 | 国产精品自拍在线观看 | 欧美一区二区久久精品 | 91精品国产色综合久久不 | 黄网站在线免费 | 国产精品自在线拍 | 中文字幕日韩一区二区 | 久草精品视频 | 色图综合网 | 色一伦一情一区二区三区 | 日韩a级大片 | 最新69成人精品毛片 | 国产精品新婚门 |