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Alibaba Group is planning to list its IPO on the New York Stock Exchange, according to several news reports, in what likely would be one of the largest-ever IPOs in the U.S. in the amount raised. Alibaba is the largest e-commerce provider in China, described as Amazon.com (AMZN), eBay (EBAY), PayPal and Google (GOOG) all wrapped into one. Analysts say an Alibaba IPO could raise about $20 billion and give the company a market valuation of $100 Scalper1 News
Scalper1 News