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How the Alibaba IPO Has Turned into Huge Profits for These Tech Firms
The Alibaba IPO is expected to take place in mid-September, and Alibaba Group Holding Ltd. (NYSE: BABA) has spent the last year preparing to take its stock public in the U.S.
A big part of that preparation has been making acquisitions. According to Bloomberg, Alibaba has spent roughly $5 billion acquiring numerous companies in the last year.
The Alibaba IPO is expected to take place in mid-September, and Alibaba Group Holding Ltd. (NYSE: BABA) has spent the last year preparing to take its stock public in the U.S.
A big part of that preparation has been making acquisitions. According to Bloomberg, Alibaba has spent roughly $5 billion acquiring numerous companies in the last year.