Simplified Chinese language
Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2018-01-26
Length: 19 pages
Data source: Published sources
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Abstract
This is a Simplified Chinese version. In 2014, Alibaba-the Chinese e-Commerce giant who, in September 2014, completed the largest initial public offering (IPO) in New York Stock Exchange (NYSE) history-was preparing itself for an additional round of capital fundraising. This time, Alibaba focused its efforts on a new, large bond issue. Its chief executive officer would lead Alibaba's finance team in meetings with investors in Hong Kong, Singapore, and London to gather information about this pending bond issue. Although Alibaba was listed on the NYSE, an overwhelming majority of its revenues originated in China. Most US investors had not heard of Alibaba until just a few months prior to its IPO in September 2014. Also, being a high-tech company, Alibaba was subject to the potential for large swings in valuations typical for the industry. Fluid valuations and matters related to country risk premia meant pricing the bond issue was going to be a challenge. How would Alibaba estimate the bonds' pricing? Further, how should the firm determine the location and timing of the new bond issue?
Location:
Industry:
Size:
Large
Other setting(s):
2014
Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2017-02-21
Length: 9 pages
Data source: Published sources
Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2020-07-20
Revision date: 12-Aug-2020
Length: 19 pages
Data source: Published sources
About
Abstract
This is a Simplified Chinese version. In 2014, Alibaba-the Chinese e-Commerce giant who, in September 2014, completed the largest initial public offering (IPO) in New York Stock Exchange (NYSE) history-was preparing itself for an additional round of capital fundraising. This time, Alibaba focused its efforts on a new, large bond issue. Its chief executive officer would lead Alibaba's finance team in meetings with investors in Hong Kong, Singapore, and London to gather information about this pending bond issue. Although Alibaba was listed on the NYSE, an overwhelming majority of its revenues originated in China. Most US investors had not heard of Alibaba until just a few months prior to its IPO in September 2014. Also, being a high-tech company, Alibaba was subject to the potential for large swings in valuations typical for the industry. Fluid valuations and matters related to country risk premia meant pricing the bond issue was going to be a challenge. How would Alibaba estimate the bonds' pricing? Further, how should the firm determine the location and timing of the new bond issue?
Settings
Location:
Industry:
Size:
Large
Other setting(s):
2014
Related
Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2017-02-21
Length: 9 pages
Data source: Published sources
Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2020-07-20
Revision date: 12-Aug-2020
Length: 19 pages
Data source: Published sources