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BABA News

Best slashes terms ahead of $450 million IPO

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Best, an Alibaba-backed integrated logistics and supply chain solutions provider in China, has slashed terms for its upcoming IPO. The Hangzhou, China-based company cut the proposed price range by 25% and now plans to offer 45 million ADSs (all primary) at $10...read more

China's Best delivery company: Best sets terms for $869 million US IPO

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Best, an Alibaba-backed logistics company with 400 centers across China, announced terms for its IPO on Wednesday. The Hangzhou, China-based company plans to raise $869 million by offering 62.1 million shares (14% insider) at a price range of $13 to $15. At...read more

Oh, Snap! Snapchat-parent Snap files much-anticipated $3 billion IPO; largest since Alibaba

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Snap, which provides a mobile app, Snapchat, for ephemeral messaging and photo sharing, filed on Thursday with the SEC to raise up to $3.0 billion in an initial public offering. This $3 billion offering would be the largest tech IPO since Alibaba's $21.8 billion...read more

LINE is the 8th billion-dollar tech IPO in a decade

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The biggest tech IPO since Alibaba's (BABA) late 2014 debut, LINE (LN) joined a select group of technology companies that have raised more than $1 billion. The Japanese messaging platform traded up around 25% on its opening day, above the 22.5% average pop...read more