Chinese E-commerce Giant Alibaba Files For $1 Billion IPO

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alibabaYou’ve never heard of it, but Alibaba, China’s largest ecommerce company, could be larger than Facebook, Amazon, or eBay.

In the biggest tech IPO since Twitter, Alibaba Group is seeking to raise $1 billion in an initial public offering filed today  in the U.S.

The company expects to raise $15 to $20 billion, and a share price could value the company at $200 billion-larger than most of America’s top tech companies. Alibaba is considered by investors as the best prospect for tapping into China’s massive growth. Read more at The New York Times.

{Andy Heller-Matzav.com Newscenter}

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