Alibaba’s Global Online Commerce Arm Weighs a US IPO
- Global online shopping unit includes Lazada, AliExpress
- Unit has been valued at as much as $39 billion by analysts
Alibaba Group Holding Ltd.’s international online shopping unit is exploring a US initial public offering as it weighs options to spur growth for the business that includes major e-commerce brands Lazada and AliExpress.
The firm is in the early stages of consideration and the IPO’s size has yet to be determined, according to people familiar with the matter. The business group is in talks with banks that could potentially help prepare for the IPO next year, said one of the people, who asked not to be named as the matter is private. Alibaba’s US-listed shares rose 1.2% in New York trading.