Chinese e-commerce giant Alibaba Group has decided to hold its long-awaited IPO in the United States. The decision ends months of speculation after a Hong Kong listing didn't push through last year. But right now neither the NYSE nor the Nasdaq would comment on where exactly Alibaba would list.
Analysts say Alibaba could raise up to 15 billion U.S. dollars in the IPO. That would be the highest profile public offering since Facebook's 16 billion dollar listing in 2012.
This is seen as the second wave of major Chinese internet IPOs - Weibo and JD.com are two other key internet firms heading for U.S. listings.
Alibaba said on its website it might consider a future A-share listing so Chinese investors can share in the growth.
Source: CCTV
Source: CCTV
