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Alibaba Group Holding Ltd, China's largest e-commerce vendor, has officially confirmed it will hold an initial public offering in the United States, the company has announced. The decision will "make [Alibaba] a more global company and enhance the company’s transparency, as well as allow the company to continue to pursue our long-term vision and ideals," according to a company statement sent on Sunday to China Daily. It did not specify which bourse it will choose to float its shares, or give a detailed timetable. Alibaba said that, should circumstances permit in the future, it will work towards toward extending its public status in China’s capital market in order to share its growth with the Chinese people. The company also expressed gratitude towards those in Hong Kong who have supported Alibaba Group, including the Hong Kong Stock Exchange, which shut the door on a potential listing last September. "We respect the viewpoints and policies of Hong Kong and will continue to pay close attention to and support the process of innovation and development of Hong Kong," the statement added. Hong Kong regulators rejected Alibaba's IPO because of the firm's special request to keep a shareholder structure which would have allowed a group of top managers and founders to nominate and control the company's board of directors. The unique requirement went against the exchange's one-share-one-vote principle. | 
