The much awaited Alibaba news has been released; Alibaba announces US IPO meeting date. The date is set for Tuesday March 25th, this is a high profile company and many people are awaiting with excitement at it’s release. This size flotation hasn’t been seen since Facebook was floated on the markets nearly two years ago.
This is an extremely large company and with its current volume of goods that are processed through the company overshadowing Amazon and Ebay combined; this is quite a large operation. It is exciting times to see the potential that this company has, in relation to the amount of many money that the shares could potentially be worth.
The US IPO meeting is going to be taking place in Hong Kong; here the company will meet with their lawyers and the banking institutes that are going to be working with them in this floatation. Any more details are a closely guarded secret until all the details are finalized, but it has started to cause a stir on the stock markets, with the date of the floatation still to be announced, but with this meeting the potential date is drawing nearer.
The two main stockholders in the company are Yahoo Inc, and a Japanese company Softbank Corp.; they own 24 and 37 percent of the company respectively, with some 13 percent being held by the original owner and other senior managers.
The excitement is building up regarding the floatation of this company in America. The company has chosen America, for the ability for the current owners to continue with the control of the company. If floated on the stock markets in Hong Kong, they would have lost the control, not something they wanted to consider, which is why an alternative was sought.