NYT – Alibaba Group Holding Ltd. lifted the curtain on its plans to go public. The Chinese online-shopping behemoth, founded in Jack Ma’s apartment 15 years ago, filed paperwork for its hotly anticipated initial public offering Tuesday, a step toward what could become one of the largest public debuts in history.
The filing says Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. International plc and Citigroup Global Markets Inc. will underwrite the IPO and act as joint bookrunners. That list of banks could expand as the IPO approaches.
