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The Chinese giant Alibaba lands on the New York Stock Exchange

Region:
World
Category:
Economy
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The operation on the New York Stock Exchange, will allow Alibaba to raise between 10,000 and 15,000 million dollars, for example, The Wall Street Journal asserted

Alibaba, the largest company in the world of internet sales through preparing its entry in the U.S. stock market and become the most important Join in the technology sector since Facebook in 2012.

"Alibaba has decided to open negotiations for a quote group in the United States," he said in a brief statement.

"We will become a more global company and improve the transparency of the group," while will maintain "its long-term vision and ideals" assured representatives of the Chinese company.

Alibaba could present a first draft introduction to the U.S. stock market authorities next month and the operation would materialize in the third quarter.

The U.S. group Yahoo!, which owns 20% stake in Alibaba, put some of its shares in the market, according to the financial press.

Alibaba launched its first steps in public in Hong Kong, the fate of many groups of mainland China in search of trading.

Jack Ma, founder of Alibaba, aims to maintain control of the company, which the Hong Kong’s the Stock Market did not guarantee and that Wall Street can achieve through preference shares.

"We respect the views and policies in force in Hong Kong and will continue to pay close attention," the group said in a statement.

"If future circumstances permit, will be open to the possibility of extending our contribution to the Chinese stock markets, to allow our capital city developed with the support of the Chinese people," he added.

Alibaba manages the most popular e-commerce platform in China, Taobao, which has over 500 million users.

traslation: Belén Zapata