China-based e-commerce giant Alibaba is preparing for an IPO. The company is expected to raise more than $15 billion in its initial offering, and it could even top the $16 billion Facebook racked up back in 2012, making it the largest technology sector IPO of all time. Alibaba is often referred to as “the Amazon of China” but the truth is that Alibaba’s reach stretches much, much further than Amazon’s. In fact you might be shocked at how many huge well-known Western companies it would take to cover all of the industries Alibaba spans. Luckily, Quartz is here to show us: Citigroup, J.P. Morgan, Credit Suisse, Deutsche Bank, Goldman Sachs and Morgan Stanley will underwrite the upcoming Alibaba IPO.
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