Deals
Jack Ma Times Market Selling Second Alibaba IPO in Rally
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Jack Ma knows how to time an initial public offering.
The 49-year-old former school teacher preparing to list Alibaba Group Holding Ltd. during a record rally for U.S. stocks did the same thing seven years ago, when Alibaba.com Ltd. went public in Hong Kong a week after the Hang Seng Index hit an all-time high. By the end of 2008, the gauge had slumped 55 percent and the company lost more than $20 billion in market value.