Alibaba May Be Valued at $200 Billion by 2014 After IPO
Alibaba Group Holding Ltd., China’s largest e-commerce company, may have a market value of as much as $200 billion by the end of 2014 after an initial public offering, said Carl Huttenlocher, chief investment officer of hedge-fund company Myriad Asset Management Ltd.
SoftBank Corp. (9984), a Tokyo-based wireless carrier with a 35 percent stake in Alibaba, may see its market value boosted by as much as 75 percent as a result, according to Huttenlocher, whose Hong Kong-based company now manages $2.3 billion of assets.
Alibaba may have an IPO this or next year that values the Hangzhou, eastern China-based company at as much as $100 billion, rivaling the $104 billion Facebook Inc. got at its May 2012 IPO (FB) price, analysts including Eric Qiu at Guosen Securities Co. have said. Facebook has a market value of $55.5 billion, according to data compiled by Bloomberg.
Alibaba, which made founder Jack Ma a billionaire, will benefit from China’s expanding retail market, increasing use of Internet and smartphones, and a fragmented retail market, Huttenlocher said. Ma said last year that the company may go public within five years.
“It’s much easier to gain share in a fast-growing pie,” he said at the first Karen Leung Memorial Investor Conference in Hong Kong yesterday. “The e-commerce market in China is an enormous and very fast growing market that we feel is also getting share from the offline retail market. Alibaba is the dominant company in the sector and has pricing power.”
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