Alibaba Group, which is preparing for an initial public offering in the US, has been valued as high as US$150 billion in recent private trades of its stock, the Wall Street Journal reported Tuesday, citing people with knowledge of the transactions.
Prices on offer for the Chinese e-commerce giant’s shares, sold by former employees and pre-IPO investors, have recently ranged from roughly US$50 to US$64, valuing the company at about US$150 billion, the report said.
At that number, it would rank among the 40 largest companies in the world by market value, and nearly on par with US online-shopping firm Amazon which was valued at US$163 billion in trading on Tuesday, according to the report.
Private trades of shares by pre-IPO stockholders have picked up in price and activity in recent months, Alibaba said in a regulatory filing last week.
The Chinese firm is planning an NYSE listing that could launch as soon as the end of this month and raise more than US$20 billion, sources told the Journal earlier.
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