Revision History For: Alibaba Group Holding Limited

01 Apr 2017 11:07 AM
06 Sep 2014 01:02 AM
27 Aug 2014 10:37 AM
17 Aug 2014 12:24 AM
16 Aug 2014 07:38 PM <--

Return to Alibaba Group Holding Limited
Alibaba Group Holding Limited, China’s largest e-commerce company, is planning an initial public offering that could raise as much as $20 billion, which would make it the largest IPO in U.S. history. The IPO is expected to give the company a post-offering valuation somewhere in the vicinity of $200 billion.

According to Bloomberg, Alibaba’s road show will begin on September 3. The company is expected to disclose the initial price range for its shares on September 2 and finalize its pricing on the evening of September 15. The shares are tentatively scheduled to begin trading on the morning of September 16 under the stock symbol BABA.

The fast growing, hugely profitable Alibaba is not without controversy. Alibaba’s corporate governance structure is unorthodox and Jack Ma, the company’s CEO, has a reputation for making quick decisions and closing on investments and acquisitions without a lot of due diligence. Of course, the same could be said of Mark Zuckerberg. Moreover, some of Alibaba’s acquisitions have raised conflict of interest allegations against Mr. Ma. Also, it was recently disclosed that Alibaba’s IPO will result in a windfall for some of the relatives of China’s leaders. Transparency is one of my concerns.

Alibaba’s largest pre-offering shareholders are Softbank (34.3%) and Yahoo (22.5%). Jack Ma, the founder of Alibaba, owns 8.9% of the company. Yahoo is contractually committed to selling about 40% of its position in the IPO.

This board has been created for the purpose of discussing Alibaba’s stock price, financial prospects, actual results, management decisions and the merits of its business model. It is neither a Bulls nor a Bears board and all opinions are welcome. Hopefully, we can avoid the “to the moon” and “Alibaba sucks” commentary.

The board is moderated and my expectation is that everyone will be civil to one another. Pretend that your mother is reading the board and that she knows your virtual handle. No name calling and please avoid engaging in political commentary unless it has a specific bearing on Alibaba.

SEC filings:

Alibaba website:

Revenue (millions)
Three months ending June 30, 2014: To be announced
Year ending March 31, 2014: $7,260

Net earnings (millions)

Three months ending June 30, 2014: To be announced
Year ending March 31, 2014: $3,712

Earnings per share (fully diluted)
Three months ending June 30, 2014: To be announced
Year ending March 31, 2014: $1.61

Copyright © 1995-2018 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.