The buzz is that Alibaba, the Chinese ecommerce powerhouse, will pull off its IPO on August 8th. The reason: the number “8” symbolizes good fortune.
Regardless of the Alibaba IPO date – which is far from certain – the fact is that the deal will be massive. It could even be the biggest one in history. Consider that various analysts think the Alibaba IPO will raise a haul in excess of $20 billion.
If anything, the timing may be pretty good. JD.com (JD), which is China’s No. 2 ecommerce operator, recently launched a successful IPO, up about 40%. At the same time, the US markets are getting back on track. Just look at various successful tech IPOs like Arista Networks (ANET) and Zendesk (ZEN). Read