Alibaba suffers rare ‘down round’ investment as Babytree’s HK IPO prices low -sources
20 Nov Alibaba suffers rare ‘down round’ investment as Babytree’s HK IPO prices low -sources
Posted at 07:24h
in
News
by KMFSLLP
China’s Babytree Group
, a parenting website operator, has priced its Hong
Kong IPO at the bottom of a marketing range, people close to the
deal said, reducing its valuation and implying a ‘down round’
for investor Alibaba Group Holding Ltd.
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