Alibaba Group has unveiled a few more details of its blockbuster US initial public offering, which could yet raise as much as $20 billion for the Chinese e-commerce giant and break all records.
Founded 15 years ago by English teacher Jack Ma, Alibaba has since grown into the largest e-commerce company in the world’s most populated country. With a valuation anywhere between $150 billion and $250 billion, according to media reports citing analysts, it already dwarfs its US counterparts.
The potential fast growth of the company part-Google, part-eBay, part-PayPal coupled with a high price tag make it the most highly anticipated share offering since Facebook's...
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