Date
24 November 2017
E-commerce giant Alibaba has seen its valuation rise steadily ahead of its US initial public offering. Photo: Bloomberg
E-commerce giant Alibaba has seen its valuation rise steadily ahead of its US initial public offering. Photo: Bloomberg

Alibaba valued as high as US$150 bln in private trades: WSJ

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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RC

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