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Alibaba who? U.S. retail investors not that interested

07
Sep
2014

When Chinese e-commerce giant Alibaba Group Holding revealed plans earlier this year to go public on a U.S. Alibaba, which sells more than Amazon.com Inc and EBay Inc combined, could raise over $21 billion in its IPO. It is often described as technologys hottest initial public offering since Facebook Inc’s 2012 debut, although initial pricing announced on Friday was less than many predicted. Retail investors generally get only 10-20 percent of shares in big IPOs, and several advisers told Reuters they had expected a scramble from clients.

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