Alibaba Group Announces to Go for IPO in the US

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Alibaba Group announced today that “has decided to commence the process of an initial public offering in the United States. ” Alibaba reportedly would like to get listed in Hong Kong but the partnership system, a dual-class stock structure created by the company, isn’t allowed there.

Alibaba says it “will be constructive toward extending our public status in the China capital market in order to share our growth with the people of China”.