Alibaba Group Holding Ltd., which rode China’s emergence as an economic superpower over the last 15 years to become a massive online marketplace for everything from forks to forklifts, filed yesterday for what could become the largest U.S. initial public offering ever.
Tarena International Inc., the first Chinese company to debut in New York this year, rallied as investors bet the provider of education services will benefit from economic growth that’s the fastest in Asia.
JD.com, the online retailer backed by Saudi billionaire Prince Alwaleed bin Talal, filed to raise $1.5 billion in the first Chinese initial public offering in the U.S. since a judge suspended accounting firms.
Twitter Inc., the microblogging service with more than 200 million members, added Allen & Co. and Code Advisors LLC to the group of underwriters managing its initial public offering, people with knowledge of the process said.
LinkedIn Corp. ’s success is inspiring Web companies to limit the amount of shares they sell in initial public offerings, fueling concern that scarcity will inflate stock values and contribute to another dot-com bubble.
Restoration Hardware Holdings Inc. is betting investors will be willing to pay a 60 percent premium to buy shares in its initial public offering as the home-furnishing retailer’s profits surge and the housing market recovers.
Facebook Inc., the world’s biggest social networking site, agreed to settle complaints by the Federal Trade Commission that it failed to protect users’ privacy or disclose how their data could be used.