Alibaba files for what may be biggest tech IPO

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San Francisco: Alibaba gave investors a closer look at the scale and growth of the Chinese
e-commerce juggernaut in an initial public offering (IPO) prospectus filed on Tuesday, the first step in what could be the largest
technology debut in history. Alibaba Group Holding Ltd, which powers 80 percent of all online commerce in the world’s second-largest economy, is expected to raise more than $15 billion, and could top the $16 billion pulled in by Facebook when it listed in 2012.