Alibaba Seeks to Raise Billions in IPO
Investors in the United States are preparing for the first public sale of stock in the Chinese company Alibaba. The company sells goods 回答
linking buyers and sellers in the huge Chinese online market. Alibaba is expected to 回答
its initial public offering, called an IPO, in September on the New York Stock Exchange.
The total value of the company, based in Hangzhou, has been estimated at about $200 billion. Reports from Bloomberg News say Alibaba is offering investors a 12 percent 回答
of the company. That would mean the company could raise 回答
$20 billion dollars in the public stock sale.
After the IPO, Alibaba could become one of the most 回答
technology companies in the world. Apple, for example, has a market value of about $600 billion. Google is valued at about $390 billion and Microsoft is worth about $370 billion.
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