SAN FRANCISCO/NEW YORK: Investors are looking over portfolios to make room for Chinese e-commerce giant Alibaba Group Holdings Inc's market debut next month — and that means some less attractive stocks that funds are holding might be shown the door.
The initial public offering, which could top US$16bil (RM50.52bil) to become the largest-ever IPO by a technology company, is expected as early as next month after Alibaba management kicks off a two-week investor road show after the Labour Day weekend.
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