Alibaba wants to become a more global company, reads a statement posted on the company’s blog Sunday – so it’s decided to begin the process of an initial public offering in the United States.
The Alibaba IPO is expected to be one of the largest of all time. It could raise more than the $16 billion Facebook scooped up in its 2012 IPO — and if it doesn’t it’s bound to come close. Analysts believe the company could reach a valuation north of $130 billion.
Image: Opening of the Alibaba Group's Taiwan branch. Image Credit: Rico Shen
