Jack Ma, executive chairman of Alibaba Group Holding Ltd (BABA.N), has become China's richest man with a fortune estimated at $25 billion, underscoring the ascension of tech tycoons over real estate peers in the world's second biggest economy.
The underwriters of Alibaba Group Holding Ltd BABA.N's IPO have issued additional shares, according to the Wall Street Journal, bringing the IPO's size to about $25 billion and making it the largest initial public offering in history.
Asian shares got off on the back foot on Monday after an uninspiring session on Wall Street, while the dollar gave back a little of its recent solid gains in early trading.
Shares in China's largest auto rental company CAR Inc (0699.HK) surged as much as 28 percent in their Hong Kong trading debut on Friday as investors scrambled for exposure to a market expected to almost double to $11 billion by 2018.
Alibaba Group Holding Ltd's record public offering of shares on Friday further spurred already elevated activity in Yahoo Inc's options, pushing volume on the U.S. Internet company to a one-day record high.
Investors looking to hedge their bets or speculate on the direction of Alibaba Group's IPO-BABA.N stock after its expected public sale of shares on Friday, will be able to trade its options in two weeks, as U.S. options exchanges are expected to list contracts on the company.
Alternative asset manager Fifth Street Asset Management Inc filed with the U.S. regulators for an initial public offering of Class A common stock. Morgan Stanley, J.P. Morgan and Goldman Sachs were among the major underwriters for the IPO, the Greenwich
When Chinese e-commerce giant Alibaba Group Holding revealed plans earlier this year to go public on a U.S. stock exchange, financial advisers like Bob Mecca in Hoffman Estate, Illinois braced themselves for a wave of frantic calls from retail investors wanting to get in on the action.
Australia said on Friday it will sell health insurer Medibank Private in an initial public offering in December, in a sale expected to fetch about A$4 billion ($3.74 billion) and make 2014 the country's biggest year of new listings.
Marketing software provider HubSpot Inc filed with U.S. regulators on Monday for an initial public offering of common stock.
German venture capital firm Rocket Internet and Zalando, Europe's biggest specialist online fashion retailer, are both on the brink of announcing plans to list on the Frankfurt stock exchange, several sources with knowledge of the matter said.
The expected date for Box's public debut has been rescheduled said online media platforms Quartz and Wall Street Journal citing falling tech stocks prices happening on market bourses that could affect the share pricing of the company.
Chinese microblogging site Weibo has cut its offered IPO size after a shaky start taking in only USD286 million from 16.8 million depository shares sold which was far from the expectations on Wall Street.
Zoosk has filed with the Securities and Exchange Commission an IPO valued USD100 million, reported TechCrunch.
The initial public offering of microblogging platform Weibo has only sold 16.8 million shares instead of its expected 20 million share sale, reported TechCrunch.
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