This mystery, which has been the focus of capital markets, is finally revealed.

Source: Internet
Author: User
Keywords Sina Weibo Alibaba
Tags .mall .net active users alibaba alibaba group business code company

This mystery, which has been the focus of the capital markets, is finally revealed. Alibaba Group announced yesterday that the company had launched a listing and that the IPO site was identified as the US. The "Avatar" (avatar) project code and the 100 billion yuan market valuation, although not officially confirmed, but the market expectations of this is self-evident. What is more noteworthy is that Ali investment Sina Weibo also announced on the weekend to the U.S. IPO.

Partner system hinders listing in Hong Kong

Ali Group listed in the past more than a year to be concerned about the market, after the market is also expected Ali will be in Hong Kong and the United States to choose the first two. After the listing of the United States, Ali Group said that it would respect the relevant policies and starting points of Hong Kong and China, and will continue to pay attention to and support the innovation and development of Hong Kong.

In fact, due to geographical relations and the precedent of Ali Business-to-business listing, HKEx has been the first choice for Ali group IPO. But from the current Ali's shareholding structure, the situation to Ma Yun and management is still disadvantageous, calculate Ma Yun I hold Ali group 7.4% of the stake, the entire management of the proportion of the shareholding is only 10.4%. To this end, Ali last year on the corporate partnership system and HKEx conducted several rounds of saw, the ultimate aim of the partner system is to retain control over the board of directors after the IPO, thus achieving absolute control over the company, but this does not conform to the listing rules of the same shares of HKEx.

There is also the view that, because Ali did not have enough time to wait for the exchange with the progress, so chose to go to the United States IPO. According to a 2012 agreement between Ali and Yahoo, Ali had the right to buy back one-second, or 12%, of the remaining 24% per cent of Yahoo's holdings at the time of the IPO. But the repurchase premise is that Ali needs to complete the listing by December 2015. Internet commentator Bo said in an interview with the media that Ali was ready to go public early, including good results to satisfy investors. If the listing is postponed, the advance arrangement may be disrupted.

It's a good choice to go to the United States at this time

Of course, Ali to the U.S. listing is also a good choice. Now in the United States to the U.S. Market Time window has opened, the second half of last year, 58 with the city, to where, state digital, 500 lottery network has gone to the United States listing, for that is a new round of shares to the United States listed to provide confidence, market sentiment for Chinese companies listed more favorable.

Eric Jackson, founder of the US think-tank, said that as the listing process progresses, people will slowly find that it is not only possible to compare Ali with Amazon, which is far more lucrative than Amazon and is extending its business to other parts of the Chinese economy, enjoying China's long-term growth dividend. American investors will see a business kingdom that is more valuable in many ways than Facebook.

According to Yahoo's previously disclosed earnings, Ali in the third quarter of 2013 (as of last September) revenue of 1.78 billion U.S. dollars, an increase of 51% per cent, net profit of 792 million U.S. dollars, and a year earlier losses of 246 million U.S. dollars.

In terms of size, Mr. Jackson said, Ali has gone deep into all aspects of Chinese society through Taobao, Cat and Alipay, selling a lot of goods, and sales are likely to grow dramatically in the future. In terms of profitability, American technology companies typically display their strong earnings rather than profits on the market, promising investors future profits. Unlike Ali, however, he is already making money. "The continued purchasing power of Chinese consumers is another advantage for Ali, and there is no better place in the world for the dominant company in this market than to be in a position where the purchasing power of Chinese consumers is growing sharply," he said. ”

In addition, Ali 2013 series of investments, including Sina Weibo, gold, UC, Mo mo, shrimp nets, on the road, quick taxi, friends, Zhuo Master, etc., to create an IPO atmosphere, to make up for the competition under the environment of the short board of Mobile Internet, so that the story of the listing more complete.

Sina Weibo

Want to raise 500 million dollars for Arrey scout

However, Ali is not yet determined to be listed on the Nasdaq or NYSE, and has not formally submitted applications. By contrast, Ali invested in Sina Weibo's IPO at a faster pace. March 15, Sina Weibo submitted to the U.S. IPO application documents, plans to raise up to 500 million U.S. dollars, but did not disclose the specific location of the listing. In April 2013, Alibaba's 586 million dollar stake in Sina Weibo won its 18% per cent stake in the agreement that Alibaba has the right to continue to increase its holdings to 30%. For Sina Weibo, which missed the peak of valuations in 2011 and 2012, it is now probably the best time to apply for a listing, analysts said.

In terms of performance, Sina Weibo posted a prospectus showing that the total revenue of Sina Weibo in 2013 was 188.313 million U.S. dollars, an increase of 186% per cent over the year. Despite a net loss of $38.115 million a year in 2013, it is 63% less than the 2012 loss. And according to Sina's latest earnings, Sina Weibo achieved 3 million U.S. dollar operating profit in the four quarter last year, the first time to achieve quarterly profit.

It is worth mentioning that, since March this year, a series of major news events has made Sina's positioning and value of public recognition. Sina Weibo's prospectus shows that last December, the number of active users of Weibo was 129.1 million and the number of active users was 61.4 million.

Jing Dong

Mutual influence of IPO progress

It is reported that Ali will be the first to the Securities and Exchange Commission this month to submit a listing application, and in April, listed in the United States listing code for the "Avatar" (Avatar). The industry believes Alibaba's listing is valued at more than $100 billion trillion, and IPO financing is expected to reach $18 billion trillion, which is likely to surpass the size of the Facebook IPO to raise $16 billion trillion to record internet listings. But for the news, Ali did not confirm.

In the future, the effect of Ali's IPO will be influenced by Beijing-east. In 2014 horse New Year's Eve, Beijing East formally submitted a prospectus, plans to raise 1.5 billion of dollars. According to the general procedures, Jingdong Mall is entering the road stage. To increase the capital market enthusiasm for the Beijing-East IPO, Jingdong Mall March 10 announced Tencent shares in Beijing east, as an exchange, Jingdong Mall to obtain 214 million U.S. dollars cash +QQ NET buy + Pat Net + Xun (15%) three platform.

Some analysts said the IPO effect would affect each other, and the speed of listing would be seen by underwriters ' ability.

 

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