Chinese internet giant Alibaba has filed documents for a public share sale in the US, which is widely expected to be one of the biggest in history.
In its filing, the company said it was seeking to raise $1bn (£589m). But that figure is seen just as an estimate to calculate various fees.
Analysts expect it to raise more than $15bn and top Facebook's share sale.
Alibaba did not disclose details of the number of shares it intends to sell or their price range.
It also did not reveal which US exchange - the Nasdaq or New York Stock Exchange - it is looking to list its shares on.
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