In what it is predicted as the biggest IPO of NYSE history, Alibaba, the e-commerce giant from China is expected to debut in the United States stock market on September 8.
Yes, in just about a week, we may experience a flow of more than $20 billion. If all goes as planned, we may witness and participate in regular trading of Alibaba stocks from September 18 or 19.
Although there is no official word directly from the Alibaba’s spokesperson, but reports from the insider sources believes that this is going to happen. Neither the Alibaba Inc has denied this rumor. However Alibaba also didn’t officially declared the September 8 as IPO date.
Alibaba filed for IPO in March this year and since then there has been lot of rumors for their IPO date. Before last month, many experts were of the opinion that IPO launch will happen in the first week of August. But it didn’t and it was revealed that Alibaba IPO will happen after the Labor Day. The delay was because of investor summer vacations and to get the regulatory approval.
US Securities and Exchange Commission (SEC) has already given a final feedback to Alibaba, clearing their major concern. Alibaba will be trading under the symbol BABA.
This is definitely going to be an exciting next week. We will be witnessing the biggest IPO of the history and may also witness the best IPO of all time.
It is expected that, starting tomorrow, we may witness a good purchase of Yahoo (YHOO) stocks, the major stake holder in Alibaba with 22.6 percent. Softbank (SFTBF) the other major stake holder is also expected to gain good revenues on the rumors of September 8 date for Alibaba IPO.