Alibaba.com IPO Confirmed

Chinese ecommerce group Alibaba has confirmed preparations for an IPO of Alibaba.com. Alibaba.com shares will be listed on the Hong Kong Stock Exchange in the third quarter and the IPO is expected to raise HK $7.8 billion (US $1 billion). Alibaba has said that they would be using the additional capital to expand their international footprint. The [...]

[via] TechCrunch