The largest IPO in the history of the US markets is being fueled by new economic forces in China

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The largest IPO in the history of the US markets is being fueled by new economic forces in China. Alibaba Group, China's largest e-commerce company, announced it will offer 320.1 million American depositary shares priced between $60 and $66, making it the largest ever US public offering. From an initial investment of $20 million in 2001 the listing of Alibaba will value the business at over US$160 billion. Analysts point at two major trends driving this staggering growth. 1) The emergence of a growing middle class: By 2070, more than 70% of China's population could be considered middle class and could consume almost $10 trillion in goods and services. 2) A population moving online: The growing number of Internet users is a major driver for Alibaba, more than 850 million Chinese are expected to be online by next year. This article shows a visual timeline of the story. (VIEW LINK)


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