23 March 2019

Advisers urge caution on Alibaba IPO, WSJ says

Financial advisers are telling their clients to shun Alibaba Group’s initial public offering, saying the stock might be a better buy after listing, the Wall Street Journal reported Tuesday. Analysts value China-based Alibaba, the world’s largest e-commerce company, at US$100 billion and its US listing this summer could surpass that of Facebook Inc. which undertook a US$16 billion offering in 2012. However, investment advisers are wary about a pullback in Alibaba’s share price on its market debut similar to that of King Digital Entertainment which lost 16 percent on its first day of trading, the report said. 

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