The upsurge of IPO has never made any profit until the turning point

Source: Internet
Author: User
Keywords IPO valuation Jingdong
Tags alibaba company get get rid of internet + ipo listed listed company

Wall Street investors enthusiasm for stocks in Jingdong reached a peak. They not only give a roadshow in Jingdong 15 times oversubscribed, also listed on the same day on Wall Street as Jingdong placed a bull, hoping to get rid of a bear market, even if the firm in the first quarter of this year, lost $ 607 million .

Jingdong is China's 118th listed company on the Nasdaq , and by far the largest privately owned Chinese IPO in the United States , with a market capitalization of 35.3 billion U.S. dollars, up from its pre - IPO analyst valuation 3 times more. Including Jingdong, in 2014 China already had 10 Internet companies going to the US for IPO , including Cheetah, Jumei Commodities,, Xunlei, and more followed by more companies such as Alibaba, Habitat and Volkswagen Comments, the United States mission, street unfamiliar.

A number of capital market analysts believe that now is the first since listing in 2010 appeared in the stock market tide. Alibaba 's listing in the United States in August will bring this wave to its peak.

Bernstein, the U.S. research firm, recently valued Alibaba at $ 245 billion. The company described Ali as a " god-like company " in its client's research report . The total is more than twice the valuation of Amazon, eBay's three times. Although Amazon earned $ 74.5 billion last year, Alibaba last year earned just $ 7.95 billion.

" Valuation is too high! " Huaxing Capital CEO Bao Fan told the "Financial" reporter, the United States investors will VIE incident caused by the stock market trough has been completely behind.

The recovery of the U.S. economy led directly to the NASDAQ window restarting from the second half of last year. These profit-driven institutional investors, buying large amounts of Chinese technology stocks last year.

In the past, venture capitalists and entrepreneurs are a listed company in order to create a US $ 1 billion as a target, but now just an Internet company listed on the valuation of more than 2 billion, $ 3 billion. Not yet listed on the street is said to have valued 60 billion dollars. Zhang Tao, founder of Public Comment Network, said the company is not profitable at present but its valuation will exceed 10 billion U.S. dollars. Even conservative institutional analysts valued Alhudia more than 130 billion U.S. dollars , more than the total market capitalization of more than 400 middle-class stocks over the past 15 years .

Local investment banks like Huaxing Capital also ushered in the spring. Huaxing Capital did four IPO projects last year , so far this year has done five, including additional issuance, listing.

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