Sep 15, 2014, 2:03 pm EDT
The summer break is over for the IPO market. And things will get off to a huge bang this week. On Friday, the Alibaba IPO will hit the markets, with the company expected to raise more than $24 billion.
But there will be six other new stocks to pull off their deals this week. No doubt, these are brave companies since they will get overshadowed by the Alibaba mega deal. But could that mean a hidden opportunity for investors — a great stock that gets overlooked by a mammoth IPO?
Let’s take a deeper look at these new stocks: Read
Sep 15, 2014, 12:35 pm EDT
When the Alibaba IPO finally hits public markets on Friday, Wall Street will be privy to one of the largest offerings (if not the biggest) in U.S. history. Shares in the Chinese e-commerce conglomerate (trading as BABA stock) are expected to raise more than $24 billion, which would represent more than half of the proceeds for all offerings this year!
At this point, the Alibaba IPO is the darling of Wall Street. Everyone knows about it. Many investors are thinking about it … and you might even be in their number. Read
Sep 12, 2014, 12:42 pm EDT
Well, it appears the upcoming Alibaba IPO is proceeding smoothly.
According to a report in the The Wall Street Journal, Alibaba’s investment bankers — which include Credit Suisse (CS), Deutsche Bank (DB), Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS) and Citigroup (C) — plan to stop taking orders Tuesday. So, at the very least, demand isn’t going to be an issue.
The WSJ anticipates the deal could rewrite the record books at more than $24 billion raised. Read
Sep 11, 2014, 2:47 pm EDT
Twitter (TWTR) has just announced that it plans to raise as much as $1.5 billion in a convertible bond offering, and TWTR also has increased its line of credit by $1 billion.
The two biggest questions now are, why is Twitter digging into the debt pool, and will it mean anything for Twitter stock?
Well, Twitter is at least partially keeping an eye on the clock. It’s a good time for financing, as debt markets are highly liquid and interest rates remain at dirt-cheap levels. Other tech companies, such as Netflix (NFLX) and Google (GOOG), have recently issued convertible securities as well. Read
Sep 9, 2014, 11:13 am EDT
The terms on the Alibaba IPO have been set, with the company expected to offer 320.1 million shares at a price range of $60 to $66. The deal could be history’s largest, with the IPO expected to raised more than $24 billion.
To pull off this deal, Alibaba has enlisted a large group of underwriters, which include Credit Suisse (CS), Deutsche Bank (DB), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS) and Citigroup (C).
Interestingly enough, the Alibaba IPO looks kind of cheap. Assuming the BABA stock is priced at the mid-point of the range, the market cap will be around $161 billion — but many bullish analysts think the true valuation is more than $200 billion. Read