NY Times: Alibaba Files to Go Public in the U.S.

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alibaba_groupThis just in from The New York Times:  “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…But the company is expected ultimately to raise $15 billion to $20 billion – which would make it the biggest American I.P.O. since Facebook’s $16 billion offering May 2012.” Read more.

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