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