Alibaba – often described as a Chinese version of Amazon or eBay – has filed documents for its US stock listing, widely expected to be one of the largest offerings in history.

The initial filing with the US Securities and Exchange Commission indicates $US1 billion ($A1.08 billion) will be raised in the public offering, but that amount is expected to be greatly boosted with later amendments.

The IPO is part of efforts by the world’s largest online retailer to expand globally.

The document leaves out information including whether the listing will be on the New York Stock Exchange or Nasdaq.

A group of investment banks will lead the offering including Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley and Citi.

Analysts say the listing is expected to raise somewhere around $US15 billion, which would make it the technology industry’s largest IPO since Facebook’s in 2012.

Talks between Alibaba and the Hong Kong Stock Exchange broke down last year, in part because the city’s listing rules prevented Alibaba founder Jack Ma and senior management retaining some control over the board of directors.

Alibaba wanted an alternative class share structure to give selected minority shareholders extra control over the board, but the Hong Kong bourse declined to change its rules.

Alibaba operates China’s most popular e-shopping platform, Taobao, which has more than 90 per cent of the online market for consumer-to-consumer transactions. Taobao has more than 800 million product listings and over 500 million users.

Trip Chowdhry, analyst with Global Equities Research, said it remains unclear how well Alibaba will fare outside its home market.

“It’s a very strong player in China, a little weak on mobile initiatives, very strong in payments,” he told AFP.

“It may be a little premature to extrapolate the success of Alibaba outside China because in the consumer internet space, it’s not clear if citizens living outside China will trust a Chinese company with their information.”

AFP