A Potential Blockbuster of an IPO
There are many lists going around now about what will be the biggest initial public offerings of 2013. On them, you often see names like Twitter and Square. You don't usually see the name of Alibaba Group on these lists.
Yet there's no question that, if Alibaba were to IPO in 2013, it would be a blockbuster. There have been several reports in the last few days that Alibaba's shares are already being exchanged privately at around a $50 billion valuation. If the company went out this year, I think it's likely to reach something close to a $60 billion valuation. That would put it in the Facebook (FB) ballpark for IPO valuations....396 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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