In documents filed with the Securities and Exchange Commission on Friday, Chinese online retail conglomerate Alibaba Group reported its plans to raise as much as $24 billion in an initial public offering, reports Forbes. Those numbers would make Alibaba's IPO the largest ever for a U.S.-listed company, placing its value at $163 billion and making it worth more than American online retailers eBay ($68 billion) and Amazon ($161 billion). 

The company plans to price each share at $60 to $66. 

Founder and chairman Jack Ma stands to make over $840 million before taxes by selling 12.75 million shares in the IPO. But even after the fact, he will still control 193 million shares that have a net worth of $12.76 billion. 

The company could begin publicly trading on the New York Stock Exchange as early as Sept. 19. It plans to track under the ticker BABA. 

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