Vunderkind
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Chinese e-commerce giant Alibaba Group plans to go public on a U.S. stock exchange, possibly raising up to $15 billion in the biggest initial public offering since Facebook.
The announcement on Sunday confirming plans for a US share sale ended months of speculation over where the company would list after talks for an initial public offering in Hong Kong fell apart last year.
Alibaba is one of the world’s biggest internet companies and says more than $150bn worth of merchandise changes hands on its online platforms each year, more than Amazon and eBay combined.
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Source: The Guardian
The announcement on Sunday confirming plans for a US share sale ended months of speculation over where the company would list after talks for an initial public offering in Hong Kong fell apart last year.
Alibaba is one of the world’s biggest internet companies and says more than $150bn worth of merchandise changes hands on its online platforms each year, more than Amazon and eBay combined.
Click here to read more
Source: The Guardian
