Jack Ma Prepares for Second Alibaba IPO
Jack Ma the former school teacher at 49 surely knows the best time to opt for an initial public offering.
Jack Ma is preparing to list Alibaba Group Holding Ltd. during a record meeting for U. S. stocks which was done the same way seven years back. Alibaba. com Ltd. had gone public in Hong Kong after a week of Hang Seng Index hitting its all time high. By the latter half of 2008, the index had dropped 55 percent resulting in the company losing greater than $20 billion in its market value.
It all ended with Ma delisting the Hong Kong-traded business-to-business marketplace in the year 2012 at its IPO price when 2,300 or more vendors through the website deceived buyers and the stocks also suffered around 40 percent loss than the peak it had seen in 2007.
The IPO hold a lot of optimism for the company's profits as more and more consumers turn to the Internet to buy goods and services.
Though the valuations for the shares in technology is at its four and a half years high but the investors still believe that there is better scenario for this Alibaba in this bullish market.
Alibaba is the largest e-commerce company in China providing a digital marketplace for every commodity starting from regular goods to animatronic dinosaurs and speedboats made from fibreglass.