CORRECTED-Alibaba names partnership members in new IPO prospectus

Mon Jun 16, 2014 7:24am EDT

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(Corrects number in first paragraph as 27 instead of 28)

BEIJING, June 16 (Reuters) - Chinese e-commerce giant Alibaba Group Holding revealed the members of its 27-person partnership in its updated initial public offering prospectus on Monday.

The partnership, which includes founder Jack Ma, Executive Vice-Chairman Joseph Tsai and Chief Executive Officer Jonathan Lu, will have the exclusive right to nominate a majority of Alibaba's nine-member board of directors.

The updated filing gives potential investors more information about the operations of China's biggest e-commerce firm, whose initial prospectus, filed in May, was criticised for its lack of detail.

The size of the U.S. IPO is widely expected to exceed Facebook Inc's $15 billion initial share sale in 2012. (Reporting by Paul Carsten and Matthew Miller; Editing by Greg Mahlich)

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