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Home › Alibaba raises IPO price range

 

Alibaba raises IPO price range

2014-09-16 07:55:00| Telecompaper Headlines

(Telecompaper) Alibaba Group has raised the subscription price for its initial public offering of shares. Due to strong demand, the Chinese e-commerce group now expects to price the IPO at USD 66-68 per share, versus an earlier indicated range of USD 60-66. At the top of the range, this would raise USD 21.8 billion, and if the over-allotment option is exercised, USD 25 billion. Alibaba has not specified a use for the funds raised, saying they will go only to "general corporate purposes". 

Tags: price range alibaba ipo

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