Tiger Global Snaps Up Alibaba Shares At Lofty Valuation

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Tiger Global Snaps Up Alibaba Shares At Lofty Valuation

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Tiger Global Snaps Up Alibaba Shares At Lofty Valuation

by Wochit 0:35 mins

Tiger Global Snaps Up Alibaba Shares At Lofty Valuation

by Wochit 0:35 mins

Tiger Global Management, a top-performing technology investment firm, recently built a stake in Chinese e-commerce giant Alibaba Group, ahead of what will likely be one of the largest tech IPOs ever, according to four people familiar with the situation. Tiger Global bought Alibaba shares from other investors, not through a tender offer, two of the people said. Another said Tiger purchased roughly $200 million worth of shares, while another one of the sources said the transactions valued Alibaba at about $125 billion.

Wochit

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