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Alibaba share sale: Investors interest beginning to build up

Chinese internet giant Alibaba has filed documents for a public share sale in the US, which is widely expected to be one of the biggest in history.

In its filing, the company said it is seeking to raise $1bn (£589m). But that figure is seen just as an estimate to calculate various fees.

Analysts expect it to raise more than $15bn and top Facebook's share sale.

Alibaba did not disclose details of the number of shares it intends to sell or their price range.

The BBC's Samira Hussain says the share sale is already starting to attract investors.

Watch more reports on Asia Business Report's website.

  • 07 May 2014
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