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Chinese Internet giant Alibaba files to sell stock in the U.S.
Chinese Internet giant Alibaba files to sell stock in the U.S.

Chinese Internet behemoth Alibaba has filed to sell shares in the U.S., the first step in what is expected to be one of the biggest initial public offerings ever. The company, bigger than Amazon.com Inc. and EBay Inc. combined, said it was raising $1 billion, but that number is a place holder and could soar — to possibly more than Facebook Inc.'s $16-billion initial public offering — depending on investor demand. Alibaba Group Holding didn't specify how many shares it would sell or say when it would go public, which is typical in such initial filings. But analysts have estimated that Alibaba, when it does fill in the numbers in the next several weeks, will be...

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