jack-ma

Alibaba.com IPO to be the largest since Google's

Nicholas Carlson · 10/23/07 11:25AM

Alibaba Group, the Chinese e-commerce giant set to launch an initial public offering of a business-to-business unit on November 6, said it now expects to raise $1.49 billion. That makes it the largest tech IPO since Google raised $1.66 billion in 2004. Alibaba founder and former English teacher Jack Ma hasn't missed the connection.