Institutional sources: T-Head valued at $20 billion to $30 billion
TechFlow reports that on the evening of November 10, Alibaba announced plans to spin off its wholly-owned subsidiary, T-Head (Shanghai) Technology Co., Ltd., for an independent listing on the Hong Kong Stock Exchange Main Board. A representative from a professional investment firm valued T-Head at USD 20 billion to USD 30 billion in an interview. Previous media reports indicated that T-Head plans to conduct an IPO in Hong Kong next year, targeting fundraising between USD 2 billion and USD 3 billion. In January this year, JPMorgan analysts estimated its potential valuation to range from USD 25 billion to USD 62 billion using a rough comparable analysis method. (Jinshi)
TechFlow reports that on the evening of November 10, Alibaba announced plans to spin off its wholly-owned subsidiary, T-Head (Shanghai) Technology Co., Ltd., for an independent listing on the Hong Kong Stock Exchange Main Board. A representative from a professional investment firm valued T-Head at USD 20 billion to USD 30 billion in an interview. Previous media reports indicated that T-Head plans to conduct an IPO in Hong Kong next year, targeting fundraising between USD 2 billion and USD 3 billion. In January this year, JPMorgan analysts estimated its potential valuation to range from USD 25 billion to USD 62 billion using a rough comparable analysis method. (Jinshi)
