You Tube

Skip Navigation LinksHome > Industry News
FaceBook Twitter Delicious Digg LinkedIn

Alibaba Eyes September IPO


China-based Alibaba Group is likely to begin trading publicly on the New York Stock Exchange on September 16, in an IPO that could be the largest in U.S. history, according to a report in Bloomberg. The news comes as Jack Ma, Alibaba’s executive chairman, will soon take part in a significant round of investor meetings on three continents to plan and execute the roll out, Bloomberg said.

Citing unnamed sources, the report suggests September 2 would be the day Alibaba releases an official price range for its stock. A final price would have to be set by Monday, September 15, in order for the public offering to begin as planned. Six banks, including Credit Suisse, Goldman Sachs and JPMorgan Chase, are underwriting the IPO, although a dozen more may have smaller roles in the process.

Just within the U.S., investor meetings would take place in Boston, New York, Kansas City, Chicago, Denver, Los Angeles and San Francisco, among other major cities, Bloomberg said. Alibaba’s IPO could raise as much as $20 billion for the firm, which Ma founded in 1999. Although it has added to its services with recent acquisitions, Alibaba gained international notoriety for operating websites where merchants can sell items – including promotional products – directly to consumers worldwide. For its latest fiscal year, which ended in March, Alibaba reported sales of 52.5 billion yuan ($8.5 billion), a 52% jump over the prior 12 months.

Sponsored By:

Making You Money: What ASI is all about.

Promotional products, also known as ad specialties, make up a $20.5 billion dollar industry and are used by virtually every business in America. Why? Items like mugs, pens and t-shirts are memorable and provide a better cost per impression for advertisers than almost every major marketing effort like prime time TV, magazines and radio.

With so many businesses buying ad specialties there is a huge opportunity for professionals looking to make great money running a promotional products distributorship. It’s easy and inexpensive to get started and you can work from home.

© 2015, The Advertising Specialty Institute®. All Rights Reserved.

  • A business opportunity to reinvent your career in an exciting field
  • Work at home - for yourself - not by yourself
  • Make money selling ad specialties
  • Partner with a time-tested industry leader
  • Get started instantly with all the tools you need