Alibaba Plans U.S. Listing

Alibaba Group Holding Ltd. is now planning to list its shares in the U.S., after talks with the Hong Kong stock exchange for an initial public offering in the city broke down, said a person familiar with the situation.

Alibaba’s stock market debut could value the Chinese e-commerce company at $70 billion or more based on analyst estimates, making it the technology industry’s largest IPO since Facebook’s offering last year, which valued the U.S. social network giant at about $100 billion. An Alibaba IPO would be much bigger than Twitter Inc.’s planned listing — the U.S. microblog’s value is estimated at around $10 billion.

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