E-commerce firm Alibaba’s upcoming public listing has been predicted to be worth $26bn (£15.28bn) by investment researchers Morningstar.
A private equity firm and hedge fund are behind the latest round of funding that includes a ratchet on Box shares when they eventually go public, which could happen after Labour Day.
The Hangzhou-based e-commerce group could offer up to 368 million shares if underwriters exercise the option to buy the maximum amount of stock, raising a combined total of over $25 billion.
Recent market volatility has been blamed for the decision to delay the company’s long-awaited IPO until early 2015 after its Labor Day deadline passed with no movement.
Why has this challenger bank done so well, asks Hans Tesselaar, executive director, Banking Industry Architecture Network (BIAN)?
1