Start the conversation
When asked about the Alibaba (NYSE: BABA) IPO, are you still all...
Don't worry; we've got you covered.
What Is Alibaba?
Alibaba is a massive Chinese e-commerce company. Last year, online shopping in China was a $298 billion business.
"According to the research I've seen, e-commerce in China is projected to hit $540 billion by 2015, and that's just for starters," Money Morning's Executive Editor Bill Patalon said. "By 2020, China's e-commerce market will be worth more than the United States, the United Kingdom, Japan, Germany, and France combined. So we know that growth is coming...and we know that Alibaba is the No. 1 gun."
In 2013, nearly 80% of all online transactions in China take place over Alibaba's network of sites. Alibaba's customers' spending hit a peak on Nov. 11, known as Singles Day, when sales totaled $5.75 billion.
How Big Is the Alibaba IPO?
The company will raise roughly $21.8 billion through the IPO. The largest IPO in history is the $22 billion deal the Agricultural Bank of China Ltd. held in 2010. Visa Inc. (NYSE: V) holds the record for largest ever U.S. IPO, having raised $19.65 billion in 2008.
That means the Alibaba IPO will likely be the largest in U.S. history, and there's a chance it could be largest IPO of all-time.
When Will Alibaba Stock Start Trading?
In less than 24 hours, Alibaba stock will begin trading on the New York Stock Exchange - and the mad dash for BABA shares will begin:
Alibaba stock will trade with the ticker "BABA," with a price range of $66 to $68. A lot of investors want a piece of BABA stock.
Now when people ask if you know about the Alibaba IPO, you can be all...
Many investors are hoping to cash in on the Alibaba IPO by making the "obvious" move. But there's another way. There's a unique "backdoor" company (not Yahoo) that most people have never heard of before. Patalon's research shows you can reap huge profits on this right now. Go here.