Alibaba.com To Raise $1.3 Billion From IPO

Chinese ecommerce company Alibaba.com is looking to raise HK$10.3 billion ($1.3 billion) from its IPO according to documents released to potential investors today. Alibaba.com Ltd. and Alibaba.com Corp. will sell a combined 858.9 million shares (17%) in Alibaba.com at HK$10 to HK$12 apiece, with Yahoo, currently a 40% share holder in the Alibaba Group buying HK$776 [...]

[via] TechCrunch