(US$248 billion)5 exceeded that of each of its major competitors.6 (See Exhibits 1 for Alibaba’s selectedįinancial results and ratios, Exhibit 2 for Alibaba’s income statement, Exhibit 3 for components of Alibaba’s (B2C) market share in China.4 In global terms, the gross merchandise volume of Alibaba’s market places Its online retail outlet,, captured more than 50 per cent of the business-to-consumer Shopping website,, accounted for roughly 90 per cent of China’s consumer-to-consumer (C2C) Would investors subscribe to the bond issue? What would be theīest location for issuing Alibaba’s bonds? When should the bonds be issued? And, most importantly, howĪfter its IPO in September 2014, Alibaba became China’s largest e-commerce company.3 Alibaba’s online Potential for large swings in valuations typical for the industry, making it difficult to price the bond issue.Īn arduous task for Wu’s team lay ahead. Also, being a high-tech company, Alibaba was subject to the investors had not heard of Alibaba until just a few months prior to its initial Maggie Wu was scheduled to lead Alibaba’s team in Hong Kong, Singapore, and London over theĪlibaba was listed on the New York Stock Exchange (NYSE), but an overwhelming majority of its revenues In November 2014, the chief financial officer (CFO) of Alibaba Group Holding Limited (Alibaba)Įmbarked on a series of meetings with potential investors to gather information about the impending bond University, London, Ontario, Canada, N6G 0N1 (t) 519.661.3208 (e) Copyright © 2017, Richard Ivey School of Business Foundation To order copies or request permission to reproduce materials, contact Ivey Publishing, Ivey Business School, Western Reproduction of this material is not covered under authorization by any reproduction rights This publication may not be transmitted, photocopied, digitized or otherwise reproduced in any form or by any means without the The authors may have disguised certain names and other identifying information to Ineffective handling of a managerial situation. The authors do not intend to illustrate either effective or ALIBABA’S BONDS DILEMMA: LOCATION, TIMING, AND PRICING 1Įmir Hrnjić wrote this case solely to provide material for class discussion.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |