Alibaba’s IPO expected to set records

Global Business

2014 has been a record year for companies choosing to go public. The United States is getting ready for one of its biggest listings, Alibaba.

Better economic conditions and strong demand from investors have made this year particularly good for public listings. The U.S. IPO market has had the highest volume since the peak of the dot-com era in 2000.

Foreign companies are taking advantage of the current market conditions as well. Ten Chinese companies have gone public in America this year, which has fueled investor appetite.

The robust IPO market and high demand for Internet and technology stocks is setting the stage for Alibaba’s public listing to be historic.

CCTV America’s Shraysi Tandon reports.