Safe Talks About Alibaba Listing

The Alibaba, which is concerned by the US Securities and Exchange Commission, has caused the market value to evaporate by US $39 billion. In response, the State Administration of foreign exchange said recently that Alibaba It is not in the statistics of overseas listing of domestic enterprises. The statistical object of overseas listing of domestic enterprises refers to the corporate body registered in mainland China rather than the company with Chinese background. In 2014, New York The Alibaba listed on the stock exchange is Alibaba Group Holding Ltd, which is registered in the Cayman Islands and is actually Special Purpose Company. On statistics, the company is Overseas enterprises Rather than domestic enterprises, it does not belong to the overseas listing of domestic enterprises.

Related links:

The ant gold suit is planned to be listed on A shares in 2017. There may be a financing plan for this year. CICC has selected CICC as its IPO financial advisor. As the two trump card of Ma Yun banner, the Alibaba is linked to each other and is independent of each other. After Alibaba's wish IPO, the spotlight is more densely invested in ant gold clothing.

According to the information, the ant gold clothing was established in October 2014. Relying on the business ecosystem built by Alibaba, it has cultivated the world's largest third party online payment company and mobile payment company. On this basis, it has built an open information matching platform, technology platform and data flat platform, and has become the world's leading comprehensive Internet Financial Services Company.

At present, the brand assets of ant gold clothing include Alipay, balance treasure, recruit treasure, ant small loan, network business bank, sesame credit investigation, Zhong An insurance and so on. Business scope involves payment, settlement, loan, financial management, credit investigation and other fields, and is still constantly adding. Ant gold clothing has recently confirmed that it will take the form of capital increase and share in the debbond fund.

It is against this background that ant gold clothing launched the first round of financing. Earlier, it was reported that the strategic investors of the first round of financing of ant gold clothing were mainly "state prefix" background funds, including social security fund, postal savings bank, state finance, and some well-known private equity funds.

A financing material recommended by the Shanghai Daily reporter shows that the estimated value of the ant gold service is estimated to be 200 billion yuan -2500 billion yuan (about 35 billion US $-400 billion), and the amount of financing is 20 billion -250 billion yuan, corresponding to 10% of the company's equity.

This promotional material comes from the famous PE Ding Hui. In this fund-raising, Ding Hui is the selling agency of products. Investors will participate in the investment of ants' gold clothing projects through the subscription of the limited partnership of the two phase of the Shanghai financial development investment fund. It is reported that the Shanghai financial development investment fund is the first domestic industry fund to take the financial industry as the main investment target, with a total limit of 20 billion yuan. The two phase (1) the current intent to pay the scale of 3 billion yuan, the duration of 6 years, of which the investment period is 4 years, the management and exit period is 2 years.

More stimulating the market sense is that the material clearly pointed out that ant gold suit is planned to be listed on A shares in 2017, and there may be a financing plan for the period, and CICC has been selected as its IPO financial advisor. Prior to that, ant gold clothing had been avoiding the progress of IPO. Last October, Peng Lei, chief executive of ant gold clothing, once said that listing is not a goal and there is no timetable.

Earlier, Alibaba group has completed the sale of SME loans to ants, which means that both equity and business have been officially clarified. The problem of equity and business barriers to landing on the capital market is solved.

An important detail is that on the eve of the Alibaba listing in August 2014, Ali revised the prospectus to clarify the relationship between Alibaba and Alipay. The updated prospectus shows that all sides of the board of directors of Ali, Softbank, YAHOO, and small and micro gold clothing (the predecessor of ants' gold clothing) have adopted a new agreement: Ali group will receive 37.5% pre tax profits of small and micro gold clothes annually. Once the small and micro gold clothing is listed, Ali group can choose "profit sharing" to terminate, so as to get IPO of the total value of the small and micro gold clothing at 37.5%. The new agreement also agreed that the valuation of small and micro gold clothing IPO should exceed US $25 billion and the amount of financing would exceed US $2 billion.

Judging from the valuation of the first round of financing of ant gold suits, it will clearly be far more than 25 billion dollars. For the Alibaba who are "sitting on their feet", the higher the valuation of ant IPO, the more they will get.