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Alibaba expected to announce IPO pricing soon ahead of NYSE debut tomorrow (Friday) New York time

Anthony Hughes

Thomson Reuters

Alibaba expected to announce IPO pricing soon ahead of NYSE debut tomorrow (Friday) New York time. We are expecting a US$68 price (the lucky 8s), the top end of the upwardly revised US$66-$68 range, barring any last minute surprises. This values Alibaba at about 25x 2015 earnings. The mean estimate is that BABA will earn US$6.8bn in net income in 2015. The closest comp, Tencent trades at around 29-30x 2015. Allocations will be out early Friday US time ahead of debut. IPO values Alibaba at US$167bn. A US$200bn valuation would push the price to around US$81 on our numbers. (VIEW LINK)


Anthony Hughes
Anthony Hughes
Senior reporter - Equities
Thomson Reuters

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