Alibaba.com Set For High Flying Chinese IPO
In what is widely expected to be the biggest technology IPO since Google and the biggest Internet IPO by a Chinese firm, Alibaba.com is ready to sell just over 850 million shares on the Hong Kong stock exchange. Those shares could fetch as much as $1.49 billion. Yahoo owns 39 percent of Alibaba Group, the […]
Greg Sterling on October 23, 2007 at 8:22 am | Reading time: 1 minute
In what is widely expected to be the biggest technology IPO since Google and the biggest Internet IPO by a Chinese firm, Alibaba.com is ready to sell just over 850 million shares on the Hong Kong stock exchange. Those shares could fetch as much as $1.49 billion. Yahoo owns 39 percent of Alibaba Group, the parent of Alibaba.com, and has said it will buy about $100 million worth of shares in the offering. Trading is set to begin the first week of November.
Opinions expressed in this article are those of the guest author and not necessarily Search Engine Land. Staff authors are listed here.
Related stories
New on Search Engine Land