Alibaba Group Holding Ltd. (BABA) may price its initial public offering about 22 percent below analyst valuations, according to a survey of estimates, a move that could avoid repeating the listing flop of Facebook Inc. (FB)
China’s biggest e-commerce company may set the IPO value at $154 billion, according to the average estimate of five analysts surveyed by Bloomberg. The same analysts see the post-listing valuation as $198 billion.
Alibaba’s IPO may be the biggest in U.S. history when it lists on the New York Stock Exchange as the company attracts investors keen to tap into the surging Chinese economy and the world’s biggest pool of Internet users. Valuations of the company surged from $62.5 billion about a year ago after earnings nearly tripled, with a listing discount seen as a way to avoid the plunge that greeted Facebook’s debut in 2012.
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