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New York set to win huge Alibaba IPO: reports

Published on Mar 15, 2014 4:57 AM

NEW YORK (AFP) - The huge stock offering planned by Chinese e-commerce giant Alibaba is being prepared for New York, media reports said Friday.

The Wall Street Journal and The New York Times, citing unnamed sources, said Alibaba had decided on New York after ruling out Hong Kong and London for the initial public offering.

The reports did not indicate whether the IPO would be on the Nasdaq or New York Stock Exchange.

Alibaba was not immediately available for comment.

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