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Alibaba Files to Go Public in the U.S.

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Wed, 07 May 14 2:08 AM | 37 view(s)
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Alibaba Files to Go Public in the U.S.

The e-commerce behemoth Alibaba filed in the United States on Tuesday to sell stock to the public for the first time, in an embrace of the global capital markets that represents a coming of age for the booming Chinese Internet industry.

In the filing, Alibaba said it intended to raise $1 billion in an initial public offering â€“ a figure used to calculate its registration fee. But the company is expected ultimately to raise $15 billion to $20 billion â€“ which would make it the biggest American I.P.O. since Facebookâ€™s $16 billion offering May 2012.

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