Alibaba is said to plan to file for U.S. IPO as soon as April

|About: Alibaba Group Holding Limited (BABA)|By:, SA News Editor

Alibaba (ABABA) reportedly is preparing for a U.S. IPO as soon as next month, in an offer that could rival the size of Facebook.

The deal under consideration would raise more than $15B, with Yahoo (YHOO +0.9%) and other pre-IPO investors as the selling shareholders, sources say; FB's 2012 deal raised $16B.

Alibaba is opting for a U.S. listing as it struggles to persuade Hong Kong regulators to approve a proposed governance structure.