July 23, 2013, Alibaba Group IPO application submitted to the Hong Kong Stock Exchange, the program was officially launched in Hong Kong-listed Alibaba Group valued at up to $ 100 billion, financing amounted to $ 20 billion, is expected to hit the HKEx amount of financing the highest on record.
Goldman Sachs has started listing application form submitted Ali, also handed over documents related performance HKEx and the SFC, as early as October landing HKEx board. Alibaba Group, the first half of 2013 net profit of about 100 billion yuan, the price-earnings ratio of 30 to 40 times the listed valuation of 80 billion to 100 billion U.S. dollars, the highest amount raised was $ 20 billion. Alibaba Group Sponsor Goldman Sachs has been sung Tencent, Tencent currently trades at 37 times 2013 results for the first half of Alibaba fairly, Tencent currently about $ 80 billion market capitalization.
The listing of Alibaba Group's business of electronic business platform Lynx, Taobao, Amoy, B2B, poly cost, Ali, her mother and so on, one of the most favored by the outside world has been stripped Ali, financial services, many analysts believe that $ 100 billion of valuation is too high for Alibaba. Currently Taobao and Lynx two business rule large, but not much room for growth, market share may decline in the future in order to Lynx and Taobao electronic business platform represented by slowing the growth is inevitable. Overvalued after listing possible correction, such as Facebook, which is a serious decline after the stock market, many investors still at a loss situation. Ali Group had once listed the highest price of more than 30 Hong Kong dollars, after which stock all the way down, the minimum is only 4 dollars, privatization delisting price of 13 Hong Kong dollars.
