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Monday, 6 May 2013

Alibaba Seen Avoiding Facebook Flop With IPO Below $100 Billion

Alibaba Group Holding Ltd. doesn’t want to be the next Facebook Inc. -- at least for its prospective initial public offering. The world’s biggest online retailer is considering a more conservative valuation than what the social-networking company achieved last year, a person familiar with the situation said.
Read more: Bloomberg news

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