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News Link • China

Alibaba To Raise $21 Billion In Historic IPo

•, Myles Udland

The company's updated filing shows that the offering will comprise up to 320 million shares, with the company itself offering 123 million shares and investors such as founder Jack Ma, executive chairman Joe Tsai, and Yahoo offering 197 million shares.

At the midpoint of this range, the company would be valued at about $160 billion. Alibaba's offering is likely to be the largest debut on the New York Stock Exchange.

At the high end of its $60-to-$66 offer range, Alibaba would raise about $21.1 billion, surpassing the $19.7 billion raised by Visa in its 2008 public offering. 

Alibaba is a Chinese ecommerce behemoth that is part Amazon, part eBay, and part PayPal, among other things.

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