Alibaba'S Listing In The Eyes Of Americans - New York Stock Exchange Wins

Here in the world Clothing shoes and hats The editor of www. ali.com introduced the success of the New York Stock Exchange in the eyes of Americans.

When the number of 92.7 appeared on the electronic screen in front of the Barclays Bank counter in the trading hall of the New York Stock Exchange, investors and staff of the New York Stock Exchange who had waited for more than two hours cheered. Compared with Ma Yun, who became the richest man in China in an instant, they seemed more excited. Some American media made the news headline "A BIG WIN FOR THE NYSE" - "NYSE's Great Victory".

The reason why it is called "New York Stock Exchange Victory" is that the local media in the United States believe that Alibaba is not only the largest IPO in history and the second largest company valuation in history, but also listed on the New York Stock Exchange, not in mainland China or Hong Kong. At 11:53 local time on September 19 in New York, Alibaba's first transaction was launched, with an opening price of 92.7 US dollars, up 36.3% from the issue price, and a market value of more than 230 billion US dollars. After ten rounds of inquiry, experienced traders picked up handkerchiefs to wipe away sweat. At the closing, Alibaba's stock price finally settled at $93.89, with a market value of $231.4 billion and a turnover of 272 million.

For the money raised this time, Alibaba Ma Yun, Chairman of the Board of Directors, said frankly that as a company with abundant cash flow, the company's listing is not just for money, but to become a transparent international company. "To be listed in the United States, I don't think we can take all the money from the United States to China. We can spend more money overseas. We should like Americans to attract talents from your family and buy your company."

In addition to Alibaba, investors, market makers and financial players in NYSE have also become winners. Investors who purchase shares at the issue price have increased 36.3% for each share purchased; Barclays Bank, the designated market maker, and Goldman Sachs, the market manager, have gained a lot in commissions and commissions, and also have a reputation for serving "the largest IPO in human history"; NYSE has undoubtedly become one of the biggest beneficiaries besides Alibaba. It can not only charge service fees, software fees, etc., but also a transaction handling fee of $0.003 per share.

In the eyes of Americans, the largest IPO in history belongs to the New York Stock Exchange, so they have taken all means to cater to Alibaba.

At 8:00 local time on September 19, David Esridge, senior vice president of NYSE, and his Chinese partner came to the media hall (the office of NYSE staff) to lend to the media during Alibaba's listing, and then explained the whole process of the company's listing on the NYSE, including how Alibaba's designated market makers work, and what will happen from ringing the bell to trading. It is worth mentioning that although their suits are different in style, they used the same orange tie to match Alibaba's "main color".

NYSE also prepared rice porridge and Chinese food for the Chinese staff and the media on that day. Although the taste was strange, we could still see the sincerity of NYSE.

"Just talking with Ma Yun, he said that he would stay at NYSE for 87 years to complete his dream of a company spanning three centuries for 102 years," David Esridge said happily to the media. This also reflects Alibaba's special significance to NYSE from one side.

Obviously, the impact of Ali's listing on NYSE will continue. American financial analysts generally believe that such a huge issue of new shares will be a short-term negative for the New York Stock Exchange and other stocks in the US stock market. After the market draws too much money at one time, the market may continue to decline in the short term, but this is also a good time to bargain for other stocks.

While Chinese people are proud of the fact that the US media described an e-commerce enterprise from China with "NYSE's great success", it also triggered thinking in the industry.

After Alibaba went public, a joke was that "Alibaba deliberately chose the stock code BABA to let Americans call him 'Dad'". However, a domestic securities practitioner in his circle of friends sighed, "In fact, many Chinese investors also want to shout, but they don't even have the qualification".

He believed that such a huge potential outflow of companies could not be shared with Chinese people, which should arouse the thinking of the domestic financial market. Alibaba's listing in the United States will certainly have a positive impact on the mechanism reform of China's securities market.

U.S.A finance People in the industry believe that "because of the lack of domestic financing channels, enterprises go abroad to raise funds. With foreign capital, they cannot list in China, thus losing many new opportunities. This is some cold thinking that Alibaba should bring to the Chinese market after going to the United States in the" New York Stock Exchange ". (