Alibaba files for IPO that could be largest ever in US

Alibaba Group filed yesterday for what could become the largest US initial public offering ever.

7th May, 2014
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Alibaba Group, which rode China’s emergence as an economic superpower over the last 15 years to become a massive online marketplace for everything from forks to forklifts, filed yesterday for what could become the largest US initial public offering ever.

The IPO will be a boon for Yahoo, which plans to sell part of its 22.6 per cent stake in Alibaba.

Founded by former English teacher Jack Ma, 49, in a Hangzhou apartment, Alibaba started...

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