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

 Alibaba, the Chinese ecommerce giant run by Jack Ma, has submitted F-1 paperwork to the SEC with the expectation that they 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% of the company while Yahoo owns 22%. The initial price is expected to hit at $60-66 per… Read More