SAN FRANCISCO May 6 Alibaba Holdings Inc
IPO-ALIB.N will seek to raise $1 billion in what could become
the largest technology debut in history, the Chinese e-commerce
and payments giant said in its IPO filing on Tuesday.
Alibaba, which powers four-fifths of all online commerce
conducted in the world's second-largest economy, becomes the
largest Chinese corporation to have sought a home on U.S.
Its IPO has spurred levels of excitement in Silicon Valley
and Wall Street circles unseen since Facebook Inc's
record-breaking $16 billion coming-out party in 2012.
The proposed IPO size in Tuesday's filing is an estimate for
the purpose of calculating exchange registration fees. Analysts
expect the company to eventually raise an amount surpassing
Facebook's, garnering a market value of more than $160 billion.
(Reporting by Edwin Chan)