You are using an older browser version. Please use a supported version for the best MSN experience.

Alibaba names partnership members in new IPO prospectus

LiveMint logoLiveMint 16-06-2014 Reuters

Beijing: Chinese e-commerce giant Alibaba Group Holding Ltd revealed the members of its 27-person partnership in its updated initial public offering prospectus on Monday.

The partnership, which includes founder Jack Ma, executive vice-chairman Joseph Tsai and chief executive officer Jonathan Lu, will have the exclusive right to nominate a majority of Alibaba’s nine-member board of directors.

The updated filing gives potential investors more information about the operations of China’s biggest e-commerce firm, whose initial prospectus, filed in May, was criticised for its lack of detail.

The size of the US IPO is widely expected to exceed Facebook Inc’s $15 billion initial share sale in 2012.

More From LiveMint

image beaconimage beaconimage beacon