WSJ: Alibaba mulls world record IPO


Alibaba (ABABA) is considering expanding its IPO to over $20B, which would make it the largest listing in U.S. history, the WSJ reports.

The offering would be above the $19.7B that Visa raised in 2010 and could even top the world record $22.1B that Agricultural Bank of China attracted in Shanghai and Hong Kong in 2010. Until now, figures of $15-16B have been bandied about for Alibaba's IPO.

Under the plan being discussed, Alibaba would sell shares in addition to its investors, which include Yahoo (YHOO). Another major shareholder, Softbank (SFTBF), is not planning to sell shares in the deal.

"Alibaba is at the point where, after the extreme growth they've had, they're going to need capital to make another huge push forward," says investment adviser Paul Boyd.

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Comments (5)
  • deercreekvols
    , contributor
    Comments (9746) | Send Message
     
    Softbank has more shares of Alibaba than Yahoo does, yet Yahoo continues to get the headlines on this deal....strange, but not surprising.
    25 Apr 2014, 07:40 AM Reply Like
  • Clayton Rulli
    , contributor
    Comments (3429) | Send Message
     
    YHOO is more levered to alibaba than softbank
    25 Apr 2014, 07:50 AM Reply Like
  • herbman
    , contributor
    Comments (3) | Send Message
     
    Investors may be wary of pink sheet stocks like Softbank (OTCPK:SFTBY). SFTBY however is a more solid company and far more diversified than Yahoo, has a better CEO, better P/E, and is better poised to capitalize on the Alibaba IPO. When investor realize this Softbank will soar.
    25 Apr 2014, 10:20 AM Reply Like
  • herbman
    , contributor
    Comments (3) | Send Message
     
    Retired early Physics PHD and day trader/long term investor. I hold about half of my investments longer term and day trade with the rest. I Have been investing for 30 years and am always searching for single stocks which offer both value and high growth.
    25 Apr 2014, 10:21 AM Reply Like
  • BullishonManagement
    , contributor
    Comments (812) | Send Message
     
    Why not hold both? sftby and yahoo?
    26 Apr 2014, 07:17 AM Reply Like
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