Alibaba Officially Files For US IPO

Alibaba Holdings has finally filed for an IPO in the United States. The Chinese internet giant controls the vast majority of e-commerce in the east-Asian economy. The official filing is the first part of a process that is likely to take weeks or months. Investors interested in the market, and growth stocks in general, will be watching every move that Alibaba, and the tech stock market, make in the coming months.

This afternoon's filing said that the company was anticipating an IPO of $1 billion, but that number is likely to change as the date approaches. According to a Reuters report on the company's filing, the offering is likely to...