The Alibaba IPO date could be set for sometime early next month, and the hype continues to grow around what may be one of the largest initial public offerings ever.
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.
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.