Deals
Alibaba Buyers Say IPO Too Cheap to Miss Even With Risks
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U.S. fund managers studying an investment in Alibaba Group Holding Ltd. are worried about everything from corporate governance to bull market fatigue. They’re buying anyway, afraid of missing a bargain.
Thornburg Investment Management Inc. sees Alibaba trading at a discount to Internet stocks and is planning to buy shares through the initial public offering. Clough Capital Partners LP left road show meetings convinced of the company’s growth potential. Krane Fund Advisors LLC is so optimistic about demand from individuals that it created an exchange-traded fund last year with plans to buy shares in China’s biggest e-commerce company when it goes public.