The company has already launched two consumer-oriented services in the US. According to analysts, Alibaba IPO could raise up to USD 15 billion and value the company at more than USD 100 billion.
Alibaba had previously abandoned plans for an IPO in Hong Kong because the Chinese financial center’s stock exchange refused to change its rules to accommodate the company’s management structure.
Alibaba is one of the world’s biggest internet companies and says more than USD 150 billion worth of merchandise changes hands on its online platforms each year.
In recent news, Alibaba has agreed to spend USD 804 million (HKD 6.24 billion) for a 60% stake in TV and film producer ChinaVision.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.