????阿里巴巴（Alibaba Group）的上市可能成為美國(guó)有史以來(lái)最大的一宗IPO，但它并不希望重蹈Facebook的覆轍。

????據(jù)彭博社（Bloomberg）對(duì)五位分析師進(jìn)行調(diào)研后給出的平均估算結(jié)果顯示，這家中國(guó)電子商務(wù)公司的IPO估值可能會(huì)比分析師之前預(yù)估的低22%左右，總值大約為1,540億美元。

????彭博新聞稱，阿里巴巴希望通過(guò)調(diào)低估值，以避免遭遇Facebook在2012年上市后那樣的混亂局面。

????未調(diào)低估值之前，五位分析師對(duì)阿里巴巴上市之后的估值為1,980億美元。

????Facebook的IPO估值為1,040億美元，但由于投資者擔(dān)心其增速放緩以及在移動(dòng)戰(zhàn)略方面的不足，F(xiàn)acebook上市首日市值一度被腰斬。之后，F(xiàn)acebook股票一路反彈，目前的交易價(jià)格比上市時(shí)上漲了75%。

????阿里巴巴吸引了大批有志于從飛速發(fā)展的中國(guó)經(jīng)濟(jì)和6.18億中國(guó)互聯(lián)網(wǎng)用戶市場(chǎng)分一杯羹的投資者。強(qiáng)勁的需求可能將使阿里巴巴在紐約證券交易所（New York Stock Exchange）的上市成為美國(guó)歷史上規(guī)模最大的一次IPO。

????但分析師對(duì)阿里巴巴的移動(dòng)貨幣化戰(zhàn)略也有些擔(dān)憂。這家公司為吸引智能手機(jī)用戶所做的努力，對(duì)于其增長(zhǎng)策略至關(guān)重要。據(jù)資料顯示，2013年第4季度，移動(dòng)交易約占阿里巴巴總交易量的20%。

????據(jù)悉阿里巴巴已經(jīng)將上市時(shí)間從最初的八月初，推遲到九月初，以獲得美國(guó)證券交易委員會(huì)（U.S. Securities and exchange Commission）的審批。（財(cái)富中文網(wǎng)）

????翻譯：劉進(jìn)龍/汪皓

????The Alibaba Group doesn’t want to make the same missteps as Facebook in its upcoming initial public offering, which may be the biggest in U.S. history.

????The Chinese e-commerce company may price its IPO about 22% lower than analyst valuations, making the total offering worth about $154 billion, according to an average estimate of five analysts surveyed by Bloomberg.

????Alibaba hopes that the lowered price will help it avoid the snafu that went down with Facebook’s public offering in 2012, reported Bloomberg News.

????Without the discount, the same analysts value the post-listing company at $198 billion.

????Facebook priced its IPO at $104 billion, and then lost nearly half its market value on its debut as investors fretted about slowing growth and a lacking mobile strategy. The stock has since recovered and now trades 75% above its offering price.

????Alibaba has been attracting investors interested in tapping into the surging Chinese economy and the country’s 618 million Internet users. The demand could make it the U.S.’s biggest IPO ever when it lists on the New York Stock Exchange .

????However, analysts are also concerned about Alibaba’s mobile monetization. The company’s effort to attract smartphone users is pivotal to its growth strategy. Mobile transactions accounted for almost 20% of all transaction volume in the fourth quarter of 2013, according to a company filing.

????Alibaba has reportedly delayed its IPO listing until early September from its initial expected listing date in early August as it seeks regulatory approval from the U.S. Securities and exchange Commission.