Alibaba's US IPO Could Top $20 Billion

mpicpp writes with a snippet from Businessweek: Alibaba Group Holding Ltd. is seeking to raise as much as $21.1 billion in its initial public offering, in what could be the largest sale of new stock in the U.S. ever. The Chinese company and shareholders including Yahoo! Inc. (YHOO:US) plan to sell 320.1 million American depositary shares for $60 to $66 apiece, according to a regulatory filing today (BABA:US). At the high end of that range, the offering would surpass Visa Inc.'s $19.7 billion IPO...