Report: Alibaba Considering “More Conservative” IPO

By  |  May 5, 2013
 | 

Alibaba may be considering a “more conservative” initial public offering at a valuation less than the $100 billion mark that many anticipate, reports Bloomberg.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to Bloomberg, a “more reasonable” valuation could sit around $62.5 billion, which is the median of eight estimates from investment banks and research firms Bloomberg has complied since February.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Bloomberg’s Alibaba source gave no timetable for a possible IPO, but said some of the funding raised would go towards buying back stocks held by Yahoo.

    Read the full story here.


    Recommended

    Bessent Says Crypto Firms Are Sabotaging Best Chance for Rules

    Figure, blockchain

    Figure Tests Future of Trading With Blockchain Stock Launch

    AI, pharmaceuticals, drug discovery

    Pharma Rewires Drug Development With AI Operations

    Crypto Advocates Urge UK’s FCA to Narrow Regulatory Scope

    See More In: