Tiger Global Fund Buys Shares In Alibaba

P Tiger quoted Global people as saying that the Tiger Global Management recently bought a stake in the China electricity giant Alibaba group.

Alibaba is planning an initial public offering (IPO), and is expected to become one of the largest IPO companies by far.

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< p > a person familiar with the matter said tiger global fund bought about $200 million of Alibaba shares. Another person familiar with the matter said that through this paction, it could be estimated that the market value of Alibaba was about $125 billion.

Wall Street has a high degree of concern for such investments, because Internet Co, YAHOO, owns 24% of Alibaba.

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< p > > a href= "http://www.91se91.com/news/index_c.asp" > tiger Global Fund < /a > purchased the share of Alibaba from the two tier market at the end of 2013.

Private shareholdings and unlisted technology companies usually trade in the two tier market.

Investors and employees can also buy and sell shares through formal offer.

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< p > two people know that tiger Global Fund is buying Alibaba shares from other investors, not through tender offer.

Speakers from the Alibaba and tiger Global Fund declined to comment.

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< p > the fund also manages other a href= "http://www.91se91.com/news/index_c.asp", which supports private technology companies, and long-term investment business < /a >. The AOL ticketing website Eventbrite, social networking Nextdoor and Wahl peer glasses company (Warby Parker) have all obtained financing support for such investment instruments.

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The valuation of < p > a href= "http://www.91se91.com/news/index_c.asp" > Alibaba < /a > has recently soared.

Last December, Mark Mahaney, an Internet analyst at RBC Capital Markets, estimated that Alibaba valuation had risen from $110 billion to $150 billion in December.

In September 2011, the investment group, led by Silver Lake Partners and Digital Sky Technologies of the Russian investment company, invested $1 billion 600 million in Alibaba, when Alibaba valued at about $32 billion.

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< p > at the same time, the profit of Alibaba increased more than doubled in the year to June 30, 2013, reaching more than 700 million US dollars, while Wall Street expects Alibaba to be listed later this year or 2015. It will become the largest IPO paction in the field of science and technology.

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P Kerner, founder of Social Internet Fund, said Alibaba is a successful company and is preparing to go public. Krner,

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After the disagreement with the Hongkong Stock Exchange on the corporate governance mechanism, Alibaba has considered listing in the US last year. However, the Hongkong exchange may relax the rules to a certain extent, which will increase the possibility of Alibaba listing in Hong Kong.

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Eric Eric, founder of Ironfire Capital, a technology hedge fund company, said that if Alibaba listed, the company and IPO investment bank may choose a conservative valuation, but the stock may rise after listing, and the market value will be raised to a level of up to US $190 billion at P.

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< p > he also said that he is very optimistic about the future market value of Alibaba. The scale of its business can be compared with that of Amazon and eBay, and the company is growing rapidly, much more profitable than other companies.

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