Alibaba is coming to the rescue.
On Tuesday, the Chinese e-commerce giant filed its much-anticipated plans to sell shares publicly in the U.S.
Alibaba didn't specify how many shares it will offer in its initial public offering or what valuation it will seek, but it could raise a record $20 billion in a titanic IPO that would value it around $168 billion, based on various reports. It would easily top Visa's 2008 IPO as the largest American initial public offering ever.
ALIBABA: China's e-tail giant sets IPO plans
Alibaba's IPO filing Tuesday revealed several gems of its dominance: It commands more than 76% of all mobile e-commerce sales in China. It has 136 million monthly active users at the end of 2013. And, in April, it reported an eye-popping 66% jump in quarterly revenue, to $3.06 billion.
Top 5 U.S. tech IPOsFacebook holds the record of most money raised by any tech company with its IPO in 2012.
Sponsored byInfonet ServicesYandex N.V.GoogleTwitterFacebook IPO amount (in billions)Renaissance CapitalBy Karl Gelles, Denny Gainer and Julie Snider, USA TODAYAlibaba's boffo IPO is a potential gold mine for two of its largest shareholders: Japan's Softbank, which controls 37%, and Yahoo, which owns 24%.
More important for Silicon Valley, the massive stock offering could reignite the U.S. IPO market, which has cooled of late after starting the year at its fastest pace since the dot-com era.
Some deals, including Chinese Internet firms Weibo and Leju Holdings, priced below their most optimistic forecasts.
The potential IPO magic of Alibaba might also raise the hopes -- and prices -- of tech stocks, particularly in social media. Shares of LinkedIn, Twitter and Pandora have tumbled the past few months as impatient "momentum" investors eye other industries with steeper growth curves.
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