Whether Alibaba launches its IPO on April 21 or in the following days, it clearly will be a major event for Wall Street. By any measure, it will be a blockbuster. The company will raise up to $15 billion in the offering, which would place its value at $200 billion, based on investor community scuttlebutt. These are not unrealistic numbers. The company reportedly posts more revenue and net income than Amazon and eBay combined. Yahoo, a partial owner in Alibaba, provided a glimpse into just how robust Alibaba is in its latest quarterly report.
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Alibaba IPO Could Spark E-Commerce Investment Surge
Posted by: Erika Morphy April 17, 2014 06:45 AMWhether Alibaba launches its IPO on April 21 or in the following days, it clearly will be a major event for Wall Street. By any measure, it will be a blockbuster. The company will raise up to $15 billion in the offering, which would place its value at $200 billion, based on investor community scuttlebutt. These are not unrealistic numbers. The company reportedly posts more revenue and net income than Amazon and eBay combined. Yahoo, a partial owner in Alibaba, provided a glimpse into just how robust Alibaba is in its latest quarterly report.