Chinese eCommerce giant, Alibaba Group Holding, has just proposed a share split in preparation for its initial public offering, IPO.
The eCommerce giant is proposing a one-to-eight stock.
Alibaba had hinted last month (May)that it plans to raise up to 20 billion via an IPO on the Hong Kong Exchange.
The company will be having a shareholder meeting in Hong Kong on July 15 to approve the IPO.
