Alibaba.com?kicked off the road show of its IPO yesterday.
Its?indicative IPO prices ranged from 10 to 12 Hong Kong
dollars. Based on such calculations, Alibaba's IPO will raise 10.31
billion Hong Kong dollars,?beating the expected 7.8 billion
Hong Kong dollars and making it the largest IPO?by a Chinese
Internet company.
In 2003, Google was listed on the NASDAQ, raising 1.67 US
dollars (about 13.026 Hong Kong dollars). Alibaba will hopefully
become the world second largest Internet IPO. It will also become
the largest in Hong Kong, replacing the record set by
Tencent（0700.HK), which raised 1.55 billion Hong Kong
dollars.?
There were strong demands for the shares of Alibaba.com.
Following Yahoo.com and Guo Taiming of Honhai Precision Industry,
it acquired another five new investors: Industrial and Commercial
Bank of China, Wharf president Wu Guangzheng, Guo Henian of Kerry
Group Limited, families of Sun Hung Kai Properties, and American
International Group, Inc. (AIG) .
Chairman of Mengniu Group Niu Gensheng and Secretary of the
Bo'ao Forum for Asia Long Yongtu will act as the independent
directors of Alibaba.com.
For more details, please read the full story in Chinese (
http://www.dfdaily.com/node2/node27/node120/userobject1ai33236.shtml).
(China.org.cn October 16, 2007)
