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Alibaba.com IPO Coming Up

Alibaba.com is the next big Chinese IPO coming up.  Alibaba.com is the leader in B2B business. With Yahoo’s backup, it’s easier for the company to gain market share,” said Kelvin Wu, principal partner at private equity firm AID Partners.  Alibaba plans to sell 858.9 million shares, or 17 percent of its enlarged share capital, in its Hong Kong IPO. Other than the portion reserved for Yahoo, 75 percent of the share sale is earmarked for global investors and 15 percent for Hong Kong individual investors.  Alibaba.com kicked off premarketing for the IPO on Monday and will start its roadshow on October 15, with a trading debut set for November 6. The deal is being handled by Goldman Sachs, Morgan Stanley and Deutsche Bank.

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