Looking Closer To A US Alibaba IPO !!!!
Alibaba Preparing for U.S. Listing
DOW JONES & COMPANY, INC. 12:45 PM ET 3/14/2014
Alibaba Group Holding Ltd. is beginning to prepare for a U.S. initial public offering, said people familiar with the matter, in what could be a bigger deal than that of Facebook Inc.
The deal under consideration for the Chinese e-commerce company would raise more than $15 billion, with Yahoo Inc. and other pre-IPO investors as the selling shareholders, one of the people said. Facebook's 2012 deal raised $16 billion.
If the company proceeds, an IPO filing could come as soon as April, and an offering could occur as soon as the third quarter, people familiar with the matter said.
Up to five banks ultimately may be given lead underwriting roles, some of the people said.
A company spokeswoman said: "We have no timetable, no venue and no underwriters hired for an IPO event."
Bloomberg earlier reported the potential timing of the deal and listing locale.
The company faces a deadline of 2015 to go public, per the terms of an agreement with Yahoo, which owns a large stake in Alibaba.
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