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Alibaba files documents for US stock offering

Published on May 7, 2014 6:05 AM
 

NEW YORK (AFP) - Alibaba – often described as a Chinese version of Amazon or eBay – filed documents on Tuesday for its US stock listing, widely expected to be one of the largest offerings in history.

The initial filing with the US Securities and Exchange Commission indicates US$1 billion (S$1.25 billion) will be raised in the public offering, but that amount is expected to be greatly boosted with later amendments.

The IPO is part of efforts by the world’s largest online retailer to expand globally.

The document leaves out information including whether the listing will be on the New York Stock Exchange or Nasdaq.

A woman walks past an Alibaba advertisement on a wall in Hangzhou, Zhejiang province on Sept 26, 2013. -- FILE PHOTO: REUTERS
 
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