Alibaba Group is preparing a US initial public offering for its e-commerce arm, which includes AliExpress. Analysts estimate the business at $39 billion. In March, Alibaba was broken up into several companies, each of which can now independently attract investment.
Alibaba Group, one of the world’s largest companies, is preparing for the US initial public offering of its international e-commerce arm, which includes AliExpress and Lazada. Bloomberg writes about it.
Alibaba has yet to determine the volume of the placement and is in the early stages of preparing for an initial public offering of the trading division. It includes AliExpress, popular in Russia Lazada, Trendyol, Daraz and Alibaba.com. Analysts value Alibaba Group’s e-commerce business at $39 billion.
In March, Alibaba Group announced the business division into six companies, each of which will be able to independently attract investment, conduct an IPO and form a board of directors.
Alibaba Group founder Jack Ma recently became a visiting professor at Tokyo College. In this role, Ma will consult on important research topics and lecture on business and management.
Author:
Kirill Bilyk
Source: RB
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