Alibaba Group is planning to list its IPO on the New York Stock Exchange, according to several news reports, in what likely would be one of the largest-ever IPOs in the U.S. in the amount raised. Alibaba is the largest e-commerce provider in China, described as Amazon.com (AMZN), eBay (EBAY), PayPal and Google (GOOG) all wrapped into one. Analysts say an Alibaba IPO could raise about $20 billion and give the company a market valuation of $100
Carl Icahn has hit a nerve with some eBay shareholders. Many analysts were skeptical in late January when the veteran corporate raider revealed he had taken a nearly 1% stake in the payment and e-commerce giant and said he would press eBay (EBAY) to spin off its lucrative PayPal unit to unlock greater shareholder value. Most observers said Icahn needed a much larger stake — at least 25%, noted Susquehanna Financial Group — and
EBay (EBAY), which is locked in a battle with activist investor Carl Icahn for board seats and his desire to spin off payments unit PayPal, cut CEO John Donahoe’s compensation for 2013 by 53%, its proxy filing Monday showed. Donahoe received compensation totaling about $13.8 million in 2013. That included a salary of $993,269, a performance-based bonus of $1.6 million and stock and option awards of about $11.1 million. His performance-based bonus