Ten Reason You Should Go Long On Alibaba [INFOGRAPHIC]

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Yesterday, Alibaba Group Holding Ltd (NYSE:BABA) announced that underwriters exercised an option to purchase additional shares at the IPO price of $68, bumping the total amount sold from the originally planned $21.8 billion to $25 billion. This makes it the highest IPO in history.

What warrants the company’s impressive valuation? Saxo Bank has pointed out a few things of interest in this infographic that was published just before trading began. For starters, China is still a market that has not reached maturation. Only 36% of GDP is made up of private consumption, and the country is bound to gain 120 million internet users over the next couple of years. Internet penetration is only at 46%, which means there are plenty more consumers to target.

Ten reason you should go long in Alibaba

alibaba infographic

H/T Visual Capitalist

Infographic source: Trading Floor

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