IDEAS home Printed from https://ideas.repec.org/a/taf/apbizr/v29y2023i2p350-371.html
   My bibliography  Save this article

Impact of dual-class share structure: Alibaba IPO success analysis

Author

Listed:
  • Shuai Shao

Abstract

In September 2014, Alibaba went public in the United States through the largest IPO (initial public offering) in history, raising $21.8 billion and elevating the company’s value to $218.7 billion. The successful listing of Alibaba, the world’s largest online and mobile commerce enterprise, has attracted a lot of attention to investment strategy; in particular, the dual-class share structure of Internet enterprises designed to protect the control rights of company founders and the promotion of enterprise IPO have become a focus for international scholars. Based on the IPO case of Alibaba Group, this paper studies the dual share system of Alibaba with regards to three aspects: theoretical analysis, case analysis and financial index analysis. First, it introduces the literature relevant to the dual share system. It then takes Alibaba as a case study in order to analyse the reasons for the success of its IPO, and studies the impact of the dual share system on this IPO. Finally, it analyzes the effect and influence of the dual share system on IPO with regards to four dimensions of financial performance. Through the discussion in this paper, we hope to provide better ideas and suggestions for companies planning an external IPO.

Suggested Citation

  • Shuai Shao, 2023. "Impact of dual-class share structure: Alibaba IPO success analysis," Asia Pacific Business Review, Taylor & Francis Journals, vol. 29(2), pages 350-371, March.
    • Handle: RePEc:taf:apbizr:v:29:y:2023:i:2:p:350-371
    DOI: 10.1080/13602381.2023.2179169
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13602381.2023.2179169
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13602381.2023.2179169?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apbizr:v:29:y:2023:i:2:p:350-371. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/FAPB20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.