DID YOU INVEST IN ALIBABA?

Ginger Martin + Co

 
Did you invest in Alibaba, the Chinese e-commerce giant? I hope the answer is “yes” because the company has set the record for the biggest I.P.O. in the United States! At closing time, Alibaba’s market value was measured as $231 billion, with the total deal size rising to 368.1 million shares, up from the original number of 320.1 million shares.

Bloomberg, referencing Morgan Stanley, recently stated, “About 77% of investors with at least $1 million in assets own real estate . . .” I’m sure several of my clients who invest in real estate here in Napa Valley are celebrating about their smart investment in this record-breaking company. Alibaba’s shares rose 38% on the first day of trading last Friday. That was before they exercised a “green shoe” option to increase the size of the original deal of $21.8 billion. In the end, they increased it by 15% to a record $25 billion.

Alibaba’s record I.P.O. become the largest U.S. IPO ever with a market value exceeding Amazon. It broke Visa’s record 2008 New York offering, which raised $19.7 billion as well as the global I.P.O. record of $22.1 billion set by the Agricultural Bank of China back in 2010.

Alibaba’s underwriters include several financial giants including Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Citigroup.

Alibaba was founded by Jack Ma from a small apartment. Today Ma is China’s richest person with a net worth of $25 billion. Ma’s story is a prime example of the growth in the number of China’s mega-rich. Ma joins China’s elite whose wealth adds up to $1.4 trillion. That’s the equivalent of 15% of China’s gross national product.

I hope you will join me in celebrating your investment in Alibaba. If you are looking to invest in Napa Valley or Sonoma Valley property, please contact me at 415.516.3939 or email me at Ginger@GingerMartin.com. Meantime, take a look at my website and make sure to check out my Facebook and Twitter to stay up-to-date on the latest news for both homebuyers and sellers.


 

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