Best News: Alibaba files for public share sale





Chinese internet giant Alibaba is seeking to raise $1bn in a public share sale in the US, according to newly-filed documents with US regulators.

However, that figure could change as the firm gauges interest from investors.

Founded 15 years ago by Jack Ma, the firm is now the biggest internet retailer in China.

Analysts expect it will top Facebook's share sale to become the largest technology stock debut in history.

In its filing, Alibaba did not reveal its choice of US exchange - the Nasdaq or the New York Stock Exchange.

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