BABA stock

Why Alibaba IPO Value Estimates Keep Climbing - Up to $221 Billion

Alibaba IPO

The Alibaba IPO value saw another bullish estimate yesterday (Monday), when Piper Jaffray analyst Gene Munster projected that the Chinese e-commerce giant is worth $221 billion including cash.

Before yesterday's update, many analysts had settled on an estimate of $168 billion for Alibaba's valuation. The estimates continue to grow more bullish as the Alibaba IPO date approaches.

And there is a simple reason why: Alibaba is worth the hype…

NYSE: BABA, Alibaba Stock Has a Ticker


Chinese e-commerce firm Alibaba Group Inc. (NYSE: BABA) made an amendment to its IPO filing last night (Thursday), announcing that it will be listing on the New York Stock Exchange under the ticker "BABA."

Rumors circulated last month that Alibaba would choose "BABA" as its ticker, because "ba" means "eight" in Chinese, which is considered a lucky number in Chinese culture.

Now that BABA stock has chosen an exchange, here’s the rest of the information you need to know ahead of the Alibaba IPO…