Leslie Picker and Belinda Cao — Alibaba Seeks to Raise $21.1 Billion in Record-Breaking U.S. IPO

And this is just the beginning of the flight of the dragon.

Even at the high end, the valuation falls below more optimistic estimates of Alibaba’s worth -- analysts surveyed in July put its value at $187 billion, on average. That will give China’s largest e-commerce company room to raise the IPO price as it builds demand during meetings with fund managers, said Henry Guo, an analyst at JG Capital.

Bloomberg
Alibaba Seeks to Raise $21.1 Billion in Record-Breaking U.S. IPO
Leslie Picker and Belinda Cao

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