HomeeCommerce NewsAlibaba's global e-commerce arm planning for US IPO: Bloomberg

Alibaba’s global e-commerce arm planning for US IPO: Bloomberg

You must have noted that there is a lot happening with Alibaba in the last few months. First, we saw that the former CEO and Co-founder of Alibaba Group, Jack Ma, returned to China after a hiatus of almost a year. Later, we heard the announcement from Alibaba Group that it will split the company into six different units which means its e-commerce division will now work as a separate entity along with other units as well. All of these units will have the option to become publicly-listed as well. Alibaba said that this is being done to “unlock the investor potential” and grow the Alibaba Group even more.

Now, we are seeing the first development after this split as Bloomberg now reports that Alibaba’s global e-commerce unit is looking to launch an IPO in the US and become a publicly-listed company on the Wall Street. The report said that “The e-commerce giant is in the early stages of consideration and the IPO’s size is yet to be determined” also adding that “The business group is in talks with banks that could potentially help prepare for the IPO next year”. In an email statement after the Bloomberg report, Alibaba Group says that “Currently, there is no IPO plan”. Now, note that the statement says “currently” meaning that the IPO plan is not finalized yet and so they are not willing to comment on it. However, since this is a Bloomberg report, we are pretty sure that talks are going on between the parties involved and we might here from them very soon.

Bloomberg also reports that the IPO plans are currently laid out for the global e-commerce units from Alibaba such as Lazada and AliExpress. It is worth noting that analysts have valued all the global business units from Alibaba Group at a combined value of $39 Billion which includes South East Asia’s Daraz, Turkey’s Trendyol, and Lazada apart from AliExpress and Alibaba.com, its B2B unit. To put this into perspective, this is still a lower valuation than what Elon Musk paid for Twitter last year which he himself has lowered to almost half earlier this year.

Alf Alferez
Alf Alferez
Dedicated writer with a strong track record of developing customer loyalty and managing general office operations. Enjoy being a part of a company where my skills and creative ideas will benefit the overall productivity of the organization. I have a strong desire to work in helping make the world a better place. Please reach out to me on alf@ecommercenext.org

Most Popular