Chinese e-commerce behemoth Alibaba filed an initial public offering prospectus Tuesday, inching closer to what could be the biggest technology IPO in history. Alibaba Group handles 80 percent of all online commerce in China; it processed some $250 billion worth of transactions for 231 million users in 2013. The company's market value has been estimated as high as $200 billion. The company's outlandish size has prompted speculation that its IPO could top Facebook's record-setting $16 billion IPO back in 2012.Alibaba Files for Much-Anticipated IPO
Chinese e-commerce behemoth Alibaba filed an initial public offering prospectus Tuesday, inching closer to what could be the biggest technology IPO in history. Alibaba Group handles 80 percent of all online commerce in China; it processed some $250 billion worth of transactions for 231 million users in 2013. The company's market value has been estimated as high as $200 billion. The company's outlandish size has prompted speculation that its IPO could top Facebook's record-setting $16 billion IPO back in 2012.
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