Alibaba, which controls 80 percent of the e-commerce in China, is going public — but not in its native land. Alibaba Group on Sunday announced its decision to begin the process of an initial public offering in the United States, saying the move would make it a more global company and enhance its transparency, while allowing it to pursue its long-term vision and ideals. The company will extend its public status in the China capital market in the future, it said, should circumstances permit.
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Alibaba Seeks Treasure in US IPO
Posted by: John P. Mello Jr. March 18, 2014 06:15 AMAlibaba, which controls 80 percent of the e-commerce in China, is going public — but not in its native land. Alibaba Group on Sunday announced its decision to begin the process of an initial public offering in the United States, saying the move would make it a more global company and enhance its transparency, while allowing it to pursue its long-term vision and ideals. The company will extend its public status in the China capital market in the future, it said, should circumstances permit.