Atlas Asia Investment Partners say Chinese e-Commerce giant Alibaba's earnings have seen analysts raise estimations of the company's potential value in the event it goes public during 2014.
Atlas Asia Investment Partners have reported that surging revenues and earnings at Chinese e-commerce giant Alibaba Group, have prompted analysts to raise their estimations of the company's potential value in the event it launches an initial public offering (IPO) this year as widely expected.
Six months ago, analysts put a $120bn valuation on the business-to-business portal but the latest revenues and profits have seen that being increased to an average of $153 billion.
The company turned a profit of $792 million in the third quarter according to a presentation from major Alibaba shareholder, Yahoo Inc. last week while revenues jumped by an impressive 51%.
€There are some huge numbers being thrown around and a great deal of anticipation over Alibaba's plans to go public. A valuation of $153 billion more or less puts the company right up there with the likes of Facebook which is valued at just short of $160 billion,€ said an Atlas Asia Investment Partners equity sales associate.
Indeed, tech investors are thought to be eager for the company to go public in what would be the largest technology IPO since Facebook particularly as it continues to gain traction with China's huge 600+ million internet users.
€The potential for this company is unrivalled. They've already begun pushing into areas like mobile games and instant messaging. Business streams like that and on such large scales makes Alibaba particularly attractive to large-cap technology investors who hold sizeable stakes at companies like Google and Apple,€ added the Atlas Asia Investment Partners equity sales associate.
The Hong Kong-based firm says it plans to acquire stock in Alibaba for clients as and when an IPO is announced as a medium to long-term investment citing the likelihood of strong dividend income after an initial waiting period.
About Atlas Asia Investment Partners
Atlas Asia Investment Partners is a wealth management firm specialising in asset management services for small- to mid-capitalised companies and high net worth individuals. Our philosophy is to grow and protect our clients' wealth by investing in profitable investment opportunities and by employing long-term growth strategies, including investment management, financial planning, quantitative research and due diligence to deliver the highest level of customer service.
We always take the time to fully understand your investment objectives, financial goals and tolerance to risk before we are ready to make a bespoke investment plan, as we know that financial planning must be based on a thorough knowledge of your individual circumstances. Our objective is deliver profitable risk-adjusted returns by following a process of rigorous research and due diligence.
Atlas Asia Investment Partners have reported that surging revenues and earnings at Chinese e-commerce giant Alibaba Group, have prompted analysts to raise their estimations of the company's potential value in the event it launches an initial public offering (IPO) this year as widely expected.
Six months ago, analysts put a $120bn valuation on the business-to-business portal but the latest revenues and profits have seen that being increased to an average of $153 billion.
The company turned a profit of $792 million in the third quarter according to a presentation from major Alibaba shareholder, Yahoo Inc. last week while revenues jumped by an impressive 51%.
€There are some huge numbers being thrown around and a great deal of anticipation over Alibaba's plans to go public. A valuation of $153 billion more or less puts the company right up there with the likes of Facebook which is valued at just short of $160 billion,€ said an Atlas Asia Investment Partners equity sales associate.
Indeed, tech investors are thought to be eager for the company to go public in what would be the largest technology IPO since Facebook particularly as it continues to gain traction with China's huge 600+ million internet users.
€The potential for this company is unrivalled. They've already begun pushing into areas like mobile games and instant messaging. Business streams like that and on such large scales makes Alibaba particularly attractive to large-cap technology investors who hold sizeable stakes at companies like Google and Apple,€ added the Atlas Asia Investment Partners equity sales associate.
The Hong Kong-based firm says it plans to acquire stock in Alibaba for clients as and when an IPO is announced as a medium to long-term investment citing the likelihood of strong dividend income after an initial waiting period.
About Atlas Asia Investment Partners
Atlas Asia Investment Partners is a wealth management firm specialising in asset management services for small- to mid-capitalised companies and high net worth individuals. Our philosophy is to grow and protect our clients' wealth by investing in profitable investment opportunities and by employing long-term growth strategies, including investment management, financial planning, quantitative research and due diligence to deliver the highest level of customer service.
We always take the time to fully understand your investment objectives, financial goals and tolerance to risk before we are ready to make a bespoke investment plan, as we know that financial planning must be based on a thorough knowledge of your individual circumstances. Our objective is deliver profitable risk-adjusted returns by following a process of rigorous research and due diligence.
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