Alibaba increases valuation to $130 billion before IPO
inese e-commerce giant Alibaba increased its valuation to $130 billion in an amended filing with the Securities and Exchange Commission, less than a month from the company’s initial public offering.
Alibaba, which processed more transactions by volume last year than EBay and Amazon combined, added $13 billion in valuation from its initial SEC filing in June.
Analysts predict that Alibaba could raise between $15 billion to $20 billion when it begins trading and could be poised to break Facebook’s $16-billion record IPO in 2012.
Full Story: LA Times