Alibaba is known as the biggest e-commerce company in China, and now they launched the process for initial public offering (IPO) in United States, while news that Goldman Sachs and JP Morgan investment bank, including six Alibaba IPO will undertake the project.
Alibaba said : “This will make us a more global company and enhance the company’s transparency, Should circumstances permit in the future, we will be constructive toward extending our public status in the China capital market.”
Sources said the Alibaba IPO size of the U.S. stock market is expected to become one of the biggest IPO, the company will reach $ 130 billion valuation, the amount of financing may be more than Facebook in 2012 hit a record of $ 16 billion.
As the past two years the most watched IPO case, Ali choose when and where the listing has been concern in the global capital markets, and the IPO is attracting almost all the attention of the Wall Street investment bank. According to informed sources, Ali plans to select at least five investment banks to undertake the IPO, including Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley and Citigroup Inc.