Alibaba, competitor to eBay, to go public in Hong Kong
Alibaba.com has applied to list shares on the Hong Kong stock exchange, according to the WSJ.
Goldman Sachs Group Inc. and Morgan Stanley will be the lead underwriters of an offering that could, according to rumors raise $800 million, and take place in the third quarter.
Alibaba.com spokeswoman Christina Splinder said Alibaba Group Chief Executive and Chairman Jack Ma told employees during a meeting over the weekend that the first steps toward the unit’s IPO had begun. She didn’t elaborate.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.












