China's targets $1.5 billion US IPO

The online retailer appears to have stolen a march on its bigger rival Alibaba, which has also long been mulling an IPO.

China's targets $1.5 billion US IPO

Online retailer last week published details of its planned $1.5 billion US listing, signalling a potential new round of Chinese internet-related equity sales.'s IPO promises to be the biggest to date by a Chinese internet company and is much larger than previous Chinese US listings, which have tended to be around the $100 million to $200 million mark. It also comes at a time when’s biggest competitor Alibaba...

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