VIEWS: 27 PAGES: 2 CATEGORY: Press Releases POSTED ON: 3/19/2014
Atlas Asia Investment Partners says Alibaba has brought months of speculation to an end with an announcement that it intends to list on an American stock exchange.
Atlas Asia Investment Partners Reports Alibaba IPO Heading to US Exchange Atlas Asia Investment Partners says Alibaba has brought months of speculation to an end with an announcement that it intends to list on an American stock exchange. Kowloon, Hong Kong., Wednesday, March 19, 2014 - According to Hong Kong’s Atlas Asia Investment Partners, China’s number one e-commerce company, Alibaba has formally announced that it intends to seek a listing for its stock on a US exchange during 2014. The news has brought to an end months of speculation amid a number of high-profile acquisitions made by the company in an effort to strengthen areas in which it was considered to be weak, including mobile. The IPO, which many commentators believe will be the largest internet company listing since Facebook’s in 2012, may see the company valued at some $140 billion. “They’re expecting to raise around $15 billion so 90% of the company will remain in the hands of the existing stockholders including Yahoo which has a 24% stake it bought in 2005,” said an Atlas Asia Investment Partners analyst. Alibaba is relatively unknown in the West but it claims that more merchandise passes through the various online platforms it owns than is handled by internet giants eBay and Amazon combined. “Numbers like those put the company’s size into some kind of perspective and explains why the IPO will attract a lot of attention from investors around the world and why the name will soon be as ubiquitous as eBay and Amazon,” said the Atlas Asia Investment Partners analyst. Alibaba was established by several partners in 1999 as a shopping site but has since expanded to the stage where more than $150 billion dollars’ worth of merchandise passes across its portals every year. The site puts buyers in touch with sellers at all levels from business-to-business and business to consumer. Analysts at Atlas Asia Investment Partners say they believe the IPO will inevitably be over-subscribed but they remain confident that the stock will eventually become as widely-owned as Apple and eBay. ******* About Atlas Asia Investment Partners Atlas Asia Investment Partners is a wealth management firm specialising in asset management services for small- to mid-capitalised companies and high net worth individuals. Our philosophy is to grow and protect our clients' wealth by investing in profitable investment opportunities and by employing long-term growth strategies, including investment management, financial planning, quantitative research and due diligence to deliver the highest level of customer service. We always take the time to fully understand your investment objectives, financial goals and tolerance to risk before we are ready to make a bespoke investment plan, as we know that financial planning must be based on a thorough knowledge of your individual circumstances. Our objective is deliver profitable risk-adjusted returns by following a process of rigorous research and due diligence. ##### Contact Atlas Asia Investment Partners: Room 2201-6 Global Gateway Tower 63 Wing Hong Street Cheung Sha Wan Kowloon Hong Kong Telephone: +85258085731 Email Click for more info
Pages to are hidden for
"Atlas Asia Investment Partners Alibaba IPO US Exchange.pdf"Please download to view full document