Relying as we continue to do on unconfirmed sources, we now learn from Bloomberg thinks Alibaba has raised its price. The report says:
Alibaba.com Corp., will sell shares for HK$12 to HK$13.5 apiece in Hong Kong, said the people, declining to be identified before a public statement. The shares were initially marketed at HK$10 to HK$12.If confirmed, this would raise US$1.5 billion. The report notes "that would value Alibaba at $8.8 billion, or 54 times estimated 2008 profit before stock-based compensation, the people said". And remember, the analysts are talking about 2008 profits of US$160 million - almost equivalent to Global Sources' total revenues.
No comments:
Post a Comment