Alibaba files with SEC to offer 65.9mil shares worth US$5.06bil.

Alibaba files with SEC to offer 65.9mil shares worth US$5.06bil.

NEW YORK: Chinese e-commerce giant Alibaba Group Holding Limited will offer up to about 65.9 million shares worth about $5.06 billion under stock-based compensation plans, the company said in a regulatory filing on Friday.

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Alibaba went public on Sept. 19 in an initial public offering that raised about $25 billion, making it the largest IPO in history.- Reuters

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