new york: the debut of the Asian giant bag
Milan , September 19, 2014 – 18:24
Alibaba debut on Wall Street. And it’s a triumphant debut for the colossus of China’s online shopping: the initial offer set at $ 68 was, in fact, entirely virtual. Why, just in the first minute of trading were exchanged for 55,280,000 shares. And the price has jumped almost instantly around $ 90 per share, rising again to reach 100, then down to 98 and finally closing at $ 93.89, a gain of 38.1% in the first trading day.
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Alibaba, l? Chinese e-commerce conquest Wall Street
More than 200 billion diollari
At current prices the market capitalization would amount to about $ 230 billion, putting the group in the first twelve Chinese public offerings ever, just after Wal-Mart and Chevron, before JPMorgan and Facebook. Impressive numbers, even if less than 400 billion dollars from Google and by over $ 500 billion of Apple.
From “Forrest Gump” to quote billionaire
Satisfied Jack Ma, l ‘former teacher of English and flies to Hangzhou founded the group making it the largest e-commerce site in the world. “The dream of Alibaba has taken shape in the United States 15 years ago when I went to Silicon Valley and I saw the movie Forrest Gump ,” he said speaking on CNBC But from the floor of the New York Stock Exchange . A little ‘as Gump, He was not good at school, but it has become a legendary entrepreneur. “No matter what changes, you are you, and I’m still that guy who 15 years ago was earning only $ 20 a month,” he said.
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Alibaba goes in the bag: the day of the debut record
Revenues as eBay and Amazon together
A play bell of the New York Stock Exchange in historic day for “Baba” (the official name in the list in New York) are eight clients of the company’s e-commerce (number not accidental: for the Chinese good luck). “The customers are my priority says Ma -. If they are happy, so are the shareholders. ” Lasua is a rematch against some “big names” of Silicon Valley, which in recent years have snubbed. Alibaba now has revenues that are like those of Amazon and eBay combined, a market capitalization of more than eBay, Twitter and LinkedIn together, and given the huge growth potential of the Chinese market and the prospects of finding new customers outside the national borders.
September 19, 2014 | 18:24
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