Alibaba files for likely world's biggest IPO

[Randy W]

from the Global Times

Alibaba files for likely world’s biggest IPO

Quote

ChinaVenture Investment Consulting analyst Li Ling told the Global Times on Wednesday that Alibaba will likely seek about $20 billion, in line with the amount that the company reportedly planned to seek in Hong Kong before it turned to the US.

Analysts' estimations of Alibaba's share sales range from $15 billion to $25 billion, meaning that the e-commerce giant's debut may surpass Facebook's $16 billion listing in 2012 to become the largest technology IPO in world history.

 

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Chinese e-commerce juggernaut Alibaba Group Holding filed the prospectus to the US securities regulatory body early Wednesday Beijing time, paving the way for a massive initial public offering (IPO) that could be the biggest technology debut in history.

Read more at https://www.globaltimes.cn/content/859090.shtml

 

 

 

Edited January 5, 2021 by Randy W (see edit history)