Related News
Alibaba to kick off IPO in US
Online Edition
CHINESE e-commerce giant Alibaba has decided to begin its initial public offering (IPO) process in the United States, the company announced today.
The move is to "make us a more global company and enhance the company's transparency, as well as allow the company to continue to pursue our long-term vision and ideals," Alibaba said in a brief statement.
The statement did not mention the company's decision on the investment banks or stock exchange for the IPO.
However, media reports on Friday said Alibaba had decided on New York after ruling out Hong Kong and London for the IPO, while Morgan Stanley and Credit Suisse were said to be working closely with Alibaba on the listing plan.
Analysts predicted that Alibaba's IPO would raise billions of US dollars, making it the largest IPO in the US in recent years.
Showing more aggressive ambitions for international expansion, Alibaba also said that "should circumstances permit in the future, we will be constructive toward extending our public status in the China capital market in order to share our growth with the people of China."
Alibaba operates two of the nation's most popular online shopping services, Taobao and TMall. In the fiscal year ending on March 31, 2013, the two platforms' total transaction value exceeded one trillion yuan (US$163 billion).
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
