A Chinese Internet company is reportedly looking at a $5 billion IPO, a figure that would dwarf the current record for an Internet IPO, held by Google.
A Chinese company which runs a popular online shopping site is hoping to raise between $4 billion and $5 billion in an IPO in the first half of next year, according to people familiar with the matter.
Such a figure would dwarf Google’s $1.9 billion IPO back in 2004, the current record for an Internet IPO.
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