Alibaba Files For IPO - Watch Out Amazon and Ebay
Chinese-based Internet giant Alibaba registered with the SEC yesterday to go public in the U.S. stock market, and the company is valued between $130 and $150 billion.
Chinese-based internet giant Alibaba registered with the SEC yesterday to go public in the U.S. stock market. The company is valued between $130 billion and $150 billion, give or take a few billion, and could raise up to $20 billion. Brendan Ahern, Managing Director of the Krane Shares China Internet ETF explains the motives behind the offering. Ahern also covers whether investors will go for a name they may be unfamiliar with, even if it is the biggest internet name in China.
