Amazon, Alibaba, and the next big IPO
By Andrew Harnik / Bloomberg / Reuters | Categories:Marketplaces,technology,investors,money,technology startup,stock market article Updated April 03, 2018 03:31:33The next big wave of IPO filings will be made on Wednesday when companies that make money from selling technology to consumers and businesses will file for their first publicly traded shares, according to two sources familiar with the matter.
Those companies will be Alibaba Group Holding Ltd.
and SoftBank Group Corp., the sources said.
Alibaba and Softbank will be the first big public companies to file with the SEC, which regulates securities.
The filing marks the first time since the 1980s that a technology company has gotten a second chance at filing for its first publicly listed stock.
Last year, Facebook Inc. filed with the Securities and Exchange Commission, only to have it rejected.
The company eventually filed with a smaller stock offering.
The SEC is now reviewing all public filings of companies that are going public and could be considered for listing on the New York Stock Exchange.
They include companies that sell goods and services on behalf of consumers, such as Amazon.com Inc., Apple Inc., Facebook Inc., Microsoft Corp., Google Inc., Pinterest Inc., and Spotify Inc.
These companies have already filed with SECs office in New York and Boston.
These companies are not required to file under the federal securities laws, which require them to disclose information about themselves.