Alibaba Proposes To Go Public For As Much as $66 Per Share, Valuing The Firm At More Than $160B

 Alibaba, the Chinese e-commerce giant run by Jack Ma, has submitted F-1 paperwork to the SEC with the expectation that it will go public on September 8 under the NYSE symbol BABA. The filing appeared on SEC.gov today. 20.1 million shares will be on offer. Japanese investor Softbank currently owns 34 percent of the company while Yahoo owns 22 percent. The initial price is expected to hit at… Read More