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The Chinese giant Alibaba is the largest market success in the history of Wall Street

Region:
World
Category:
Economy
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Alibaba, the Chinese Internet company founded in 1999 and is worth more than Facebook, and almost as much as IBM and JP Morgan, the largest bank in the United States, and four times what the second largest car manufacturer in the world, General Motors.

After placement of these shares, the amount raised by Alibaba on Wall Street has risen to 25,000 million compared to 21.800 million in the initial offer, voted the biggest deal in history.

With this income, the Chinese e-commerce giant has easily snatched the world record also Asian Agricultural Bank of China, which in 2010 attracted an income of 22,100 million.

Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan and Morgan Stanley acted as placement agents in Alibaba, which on Friday debuted company with a resounding success. Rothschild was hired as independent financial adviser to Alibaba in the process.

Alibaba shares closed last Friday, his first day on the New York Stock Exchange with a rise of 38.07%, registering a price of $ 93.89 versus 68 set out, for floors.

Traslation Belén Zapata