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Alibaba IPO Sparks Talk of Chinese Dot-Com Stock Glut

Alibaba Group Holding Ltd.’s potentially record-breaking initial public offering risks handing losses to investors in the rest of the Chinese Internet stocks listed in the U.S.

The operator of China’s largest online marketplace filed this month for what could be the largest ever U.S. IPO, creating competition for investor cash going into new technology stocks. Analysts surveyed by Bloomberg estimate the company’s total value at $168 billion, only about 15 percent less than the combined market capitalization of 35 Chinese information technology firms listed in the U.S.