Alibaba Plans To Raise As Much As $24 Billion In Biggest U.S. IPO Ever
Chinese online retailing conglomerate Alibaba Group plans to raise as much as $24 billion in an initial public offering according to new documents filed with the Securities and Exchange Commission on Friday. At that size, Alibaba’s IPO would be the largest ever on for a U.S.-listed company and would value the firm at about $163 billion
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