皇冠体育app

The booth of Holding Ltd at an exhibition in Hangzhou, Zhejiang province, Sept 9, 2014. [Provided to 皇冠体育app Daily]

From choosing NYSE over Nasdaq to a Q&A-led roahow, Alibaba appears to have taken Facebook's lesson to heart as the Chinese Internet behemoth rolls out its initial public offering. Only the final offer price is yet to be decided.

With strong demand from investors for the year's most anticipated debut, Alibaba Group raised its IPO price range to $66 to $68 on Monday, up from $60 to $66, and resisted directly bumping the upper bound to $70, which could make it the world's biggest IPO, edging Agricultural Bank of 皇冠体育app's $22.1 billion listing in 2010.

"Alibaba has drawn a lesson from Facebook and maintained a conservative stand on pricing," said Cao Junbo, chief analyst of iResearch Consulting Group, to chinadaily.com.cn.

Alibaba options expected to be listed on Sept 29: exchanges

Jack Ma shows up in Singapore for Alibaba IPO roadshow

Avoid too high or too low

At the top of current price range, Alibaba is asking for 29 times of its estimated earnings in the year through March 2015, Bloomberg reported, as Chinese Internet peer trades at about 35 times estimates of this year's earnings and Tencent, another Internet company, at 37 times.

Facebook, in comparison, asked for 65 times of its 2013 estimated earnings on its debut two years ago, according to Business Insider, as it raised its price range to $34 to $38, up from $28 to $35, and set the final offer at the upper bound.

Whereas, the social network giant only saw its stocks struggle to stay above its IPO price on the initial trading day and almost halved to as low as $19.7 within the first three months. The share price has since recovered and stood at $76.08, up 2 percent on Sept 16.

"Alibaba is leaving room for a good debut," said Cao, adding that the company still has time to decide the final price before its chairman Jack Ma ring the opening bell on Friday.

The 49-year-old founder told several hundred potential investors at a luncheon in Hong Kong that Alibaba was being careful not to set valuations too high or too low, reported New York Times quoting an ence member.

NYSE verse Nasdaq

Unlike its US-listed peers, including Baidu and , Alibaba announced in June to seek listing on New York Stock Exchange other than Nasdaq. To avoid a Facebook-style shock is said to be the main reason behind.

Alibaba executives are worried about Nasdaq's ability to handle their mega-sized IPO, since the exchange botched Facebook's debut in 2012, according to Rters citing two sources familiar with the situation.

• Security risks found in half of 皇冠体育app's government websites
• Microsoft to launch Xbox One in 皇冠体育app
• 皇冠体育app's first Hermes Maison opening in Shanghai
• 皇冠体育app opens gold market to foreigners
• Financial reforms top Li's agenda in Shanghai
• 11 Japanese firms fined for antitrust violation
• Alibaba in talks with Snapdeal to enter India: Economic Times
• 7 Chinese cities that still restrict home buying