China’s e-commerce giant, Alibaba, filed for an initial public offering (IPO) in the US yesterday. The company announced that it is hoping for around 1 billion RMB but forecasters predict that they will go for much more. So much in fact, that when all is said and done, this could be the biggest IPO in history, surpassing the lofty numbers set by Facebook and Visa.
The figures that Alibaba announced at the end of 2013, tells us why this IPO is likely to be such a success. Their yearly trading volume reached up to 240 billion USD, more than that of American sites eBay and Amazon. They also reported to have had around 231 million active monthly buyers.
Alibaba could become the world’s most valuable tech company and is now taking a big step in its competition with other Chinese state-owned companies.
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Keywords: Alibaba IPO
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I wonder if Alibaba will continue the 'Gold Supplier' program after they go public?
May 26, 2014 18:17 Report Abuse
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