Chinese e-commerce titan Alibaba is widely expected to set the record for biggest tech IPO — and it may file next week.

The Hangzhou, China-based company is expected to file the prospectus for its U.S. IPO next week, reported Reuters, citing anonymous sources. Alibaba could file as soon as Monday.

The IPO will likely surpass $16 billion, which is how much Facebook scooped up in its 2012 IPO. That’s the current record for a technology share sale.

Image: Opening of the Alibaba Group's Taiwan branch. Image Credit: Rico Shen