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Alibaba Files IPO in the U.S.
Chinese Internet giant Alibaba Group Holding Ltd. officially filed plans to offer shares in the U.S. in a deal that would value the company at more than $100 billion, confirming the scale of its e-commerce operations ahead of what is expected to be one of the largest stock listings in history.
The filing showed that Alibaba is growing quickly and is very profitable, but the 2,300-page document didn't include some key information, such as the revenue for Alibaba's main marketplaces, how much the company makes from advertising or who will serve as the company's new directors after the IPO.
Alibaba, arguably the world's biggest e-commerce company, filed paperwork on Tuesday that sets the stage for what could be the biggest initial public offering in U.S. history.
Alibaba is often described as a mix of eBay (EBAY, Fortune 500), Amazon.com (AMZN, Fortune 500) and Google (GOOG, Fortune 500). It's so huge that it dwarfs Amazon and eBay, although few outside of China are familiar with the company -- or its many subsidiaries.
[edited by: bill at 5:30 am (utc) on May 20, 2014]
[edit reason] No links to your blog please [/edit]