Do you want to remove all your recent searches?

All recent searches will be deleted

China's Alibaba Group Aiming To Raise $1B In IPO

4 years ago26 views

wochit

Wochit

China's Alibaba Group is aiming to raise $1 billion in a long-awaited IPO likely to have ripple effects across the Internet. Tuesday's filing sets the stage for the technology industry's biggest initial public offering since short messaging service Twitter and its early investors collected $1.8 billion in its stock market debut last fall. Alibaba could still try to raise more money and even surpass the $16 billion that Facebook did two years ago, depending on investor demand for its stock.