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Chinese e-commerce giant Alibaba Group Holding Ltd. has decided to hold its long-awaited IPO in the United States and is in discussions with six banks to underwrite the deal, in what is set to be the most high-profile public offering since Facebook's listing nearly two years ago.
Alibaba said in a statement on Sunday it had decided to begin the U.S. IPO process, ending months of speculation about where it would go public.
Separately, sources told Reuters that Alibaba is in discussions with Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs Group, J.P. Morgan, and Morgan Stanley for lead underwriting roles.
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