SOURCE: PrivCo: Private Company Financial Intelligence

PrivCo: Private Company Financial Intelligence

March 16, 2014 14:51 ET

PrivCo IPO Alert: Alibaba to IPO in New York Over Hong Kong, NYSE Likely to Be Chosen... Goal Is $20B IPO at Record $150B Valuation… Goldman, Morgan Stanley, Credit Suisse, Citigroup, Deutsche Bank, & JP Morgan Likely Lead Underwriters... Law Firm Simpson Thacher Chosen as IPO Legal Counsel

NEW YORK, NY--(Marketwired - Mar 16, 2014) - ALIBABA IPO: Exclusive New Details - leading private-companies research firm PrivCo confirms with sources close to China Internet giant ALIBABA's record-breaking IPO plans that the following are likely to be announced imminently:

  • IPO TO LIST IN THE U.S.: "Now 100% certain," in blow to orig. front-runner Hong Kong
  • STOCK EXCHANGE: The New York Stock Exchange (NYSE) favored to beat out the Tech-Heavy NASDAQ
  • IPO SIZE: $20 BILLION (Largest IPO In History)
  • ALIBABA IPO VALUATION: $150 BILLION (Also New Record)
  • BANKERS: 6 Firms Now In Line to Co-Lead Historic IPO: GOLDMAN SACHS, MORGAN STANLEY, CITIGROUP, JP MORGAN, CREDIT SUISSE & DEUTSCHE BANK. (An underwriting syndicate led by all 6 banks would be an "IPO dream team" given their complementary strengths, PrivCo's analysis concludes.)
  • IPO LAW FIRM: SIMPSON THACHER (the elite New York law firm)
  • VALUATION MULTIPLES (PrivCo Analysis): 22x Revenue and a P/E Ratio of 54 (PrivCo Data on ALIBABA's Internal Financials)
  • "While the $150 Billion IPO valuation for ALIBABA might give some investors vertigo at first glance, PrivCo data concludes that 22x Revenue and a P/E of 54 is actually in line with other recent Internet IPOs," says PrivCo Founder & CEO Sam Hamadeh, an IPO expert and corporate finance lawyer.
  • "THIS IS A BIG WIN FOR THE U.S. Over Hong Kong, and a welcome boost for Wall Street and for New York's financial sector," Hamadeh adds.

FULL ANALYSIS OF ALIBABA IPO: http://bit.ly/1hpjmWf

ALIBABA Private Financials, Key Metrics, Major Acquisitions: PrivCo Private Company Report: ALIBABA INC. http://bit.ly/PG36bP

About PrivCo
PrivCo is the leading provider of private-company financial data & independent research on 250,000+ private-companies and 100,000+ private-company transaction details, including: IPOs, private company mergers & acquisitions, private-equity, venture capital transactions.

Topics: Alibaba, Alibaba Group, Jack Ma, IPOs, Taobao, Internet companies, technology, Goldman Sachs, JP Morgan, Simpson Thacher, Citigroup, Morgan Stanley, Deutsche Bank, Credit Suisse, Wall Street

Contact Information

  • Media Contact:
    Sam Hamadeh, Esq., J.D., M.B.A.
    PrivCo Founder & CEO
    (212)-645-1686
    pr@privco.com