Deals
Alibaba Seen Offering IPO Discount to Avoid Listing Flop
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Alibaba Group Holding Ltd. may price its initial public offering about 22 percent below analyst valuations, according to a survey of estimates, a move that could avoid repeating the listing flop of Facebook Inc.
China’s biggest e-commerce company may set the IPO value at $154 billion, according to the average estimate of five analysts surveyed by Bloomberg. The same analysts see the post-listing valuation as $198 billion. Alibaba will wait until September to hold the IPO, a person with knowledge of the matter said.