Alibaba Group Holding Ltd Fenty Puma Rihanna Leather Creepers Biele Modre Vypredaj , the e-commerce company whose fortunes have surged along with China's economy, plans a US initial public offering that may also claim the global record.
Alibaba is seeking a valuation of up to $162.7 billion, more than 95 percent of the Standard & Poor's 500 Index, as it enters the IPO's final stages, according to Bloomberg.
The IPO would be the largest ever in the United States, exceeding the $18 billion IPO of Visa Inc in 2008.
"We believe one thing: Today is difficult Vypredaj Damske Fenty Puma Rihanna Leather Creepers Ruzove , tomorrow is more difficult, but the day after tomorrow is beautiful," said Jack Ma, chairman of Alibaba Group Holding Ltd, in the company's presentation. "So we have to work very hard in order to survive the long journey."
The price range is considered conservative by some analysts. However, Alibaba still can lift the final offering price above the current range.
At the high end of the proposed price range Damske Fenty Puma Rihanna Leather Creepers Ruzove Predaj , Alibaba would be the third-most-valuable Internet company traded in the US, after Google Inc. and Facebook Inc. The offering could raise as much as $21.1 billion, according to a regulatory filing on Friday.
Alibaba disclosed on Friday that it would pay $15.8 million in legal fees to the Simpson Thacher law firm and other attorneys who advised the company on its IPO, six times what Facebook paid its counsel two years ago.
Alibaba made the disclosure in a prospectus on Friday filed with the US Securities and Exchange Commission.
The Chinese company, whose sales are larger than Amazon and eBay combined, has a complex structure and has frequently revised its prospectus. That has all increased legal fees Fenty Puma Rihanna Velvet Creepers Cement Najlacnejsie , analysts said.
Legal fees for Alibaba's IPO are the fourth-highest of the past 10 years, according to IPO Vital Signs.
The 2013 IPO of Empire State Realty trust was No 1, with a whopping $32.8 million in estimated legal fees, and the Kinder Morgan IPO in 2011 cost the pipeline company $17 million. The 2005 IPO of investment bank Lazard cost $16 million.
Facebook Inc's May 2012 IPO cost $2.6 million in legal fees.
In addition to Simpson, Alibaba's New York-based law firm, its Chinese counsel Fenty Puma Rihanna Velvet Creepers Burgundy Lacne , Fangda Partners, and Cayman Islands advisers Maples and Calder, will share the attorneys' fees, according to the filing.
Alibaba has a governance arrangement that keeps insiders in control as well as an ownership structure that could face objections from the government, Bloomberg reported.
Alibaba and selling stockholders－including Yahoo! Inc, which owns more than 22 percent of the company Fenty Puma Rihanna Velvet Creepers Cierne SK , Chairman Jack Ma and Vice-Chairman Joe Tsai－plan to sell 320.1 million US depositary shares for $60 to $66 apiece, the filing shows. Those shares are equivalent to a 13 percent stake. The stock will be listed on the New York Stock Exchange under the symbol BABA.
Compared with other Internet companies, Alibaba is asking for a price that would make it expensive, according to Bloomberg. At the high end of the IPO range, the company would debut at about 17 times sales in the year through June, well over the multiple of 1.96 times at Amazon and 3.92 times at eBay. Chinese Internet companies Tencent Holdings Ltd and Baidu Inc trade at 13.53 times and 12.24 times.
The valuation itself won't stop investors who are drawn to Alibaba's potential Kúpit Damske Puma Basket Heart Patent Cervene , said Eric Jackson, founder of Ironfire Capital LLC.
"In this environment, people want a growth story. People are willing to pay up for growth, and Alibaba still has a lot of growth."
Alibaba, founded by former English schoolteacher Jack Ma, will decide on its final price after a globespanning roadshow that will kick off in New York on Monday Damske Puma Basket Heart Patent Cierne Vypredaj , and is expected to take in cities from Hong Kong to San Francisco.
LONDON, Aug. 27 (Xinhua) -- Following is the draw for the third round of the English League Cup made here on Wednesday:
Chelsea vs Bolton
Arsenal vs Southampton
West Brom vs Hull
Crystal Palace vs Newcastle
Leyton Orient vs Sheff Utd
Cardiff vs Bournemouth
Sunderland vs Stoke
Derby vs Reading
Liverpool vs Middlesbrough
MK Dons vs Bradford
Man City vs Sheff Wed
Burton vs Brighton
Swansea vs Everton
Shrewsbury vs Norwich
Fulham vs Doncaster
Tottenham vs Nottm Forest
(Ties to be played on Sept. 23-24.)
SKOPJE, Oct. 11 (Xinhua) -- The Briton who died on Thursday in Skopje had not been infected with Ebola virus, according to the laboratory test results, Macedonian Health Ministry informed on Saturday.
The laboratory tests carried out in certified institution in Germany was negative for Ebola. The Briton died from other causes.
The quarantine for the Super 8 Hotel where the Briton stayed as well as for the Infectious Clinic where he was treated has been lifted, said Dr Jovanka Kostovska Kúpit Damske Puma Basket Suede Heart Reset PRISM Ruzove , head of the Health Ministry's Sector for Preventative Health Protection.
The 58-year-old English businessman Colin Jaffray arrived at Skopje on Oct. 2 for a business trip. He was admitted to the Infectious Clinic on Thursday where he died soon with symptoms of fever, vomiting and internal bleeding.
Those symptoms raised suspicion that he might have contracted Ebola virus.
An autopsy will be made in order to establish the cause of the death, Dr Jovanka Kostovska said.
LISBON, Sept. 1 (Xinhua) -- Following are the Portuguese league soccer standings after Monday's match (tabulated under matches played, won, drawn Vypredaj Damske Puma Basket Heart Patent Biele , lost, goals for, goals against, points):
Rio Ave 3 3 0 0 11 1 9
Vitoria Guimaraes 3 3 0 0 9 1 9
FC Porto 3 3 0 0 6 0 9
Sporting Braga 3 2 1 0 5 1 7
Benfica 3 2 1 0 4 1 7
Belenenses 3 2 0 1 6 5 6
Marmtimo Funchal 3 2 0 1 4 4 6
Sporting Lisbon 3 1 2 0 3 2 5
Vitoria Setubal 3 1 1 1 3 3 4
Moreirense 3 1 1 1 1 3 4
Nacional 3 1 0 2 3 4 3
Pagos de Ferreira 3 1 0 2 1 3 3
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