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See what Alibaba's IPO means to Sprint's owner
2014-09-06 04:07:08| Telecom - Topix.net
Chinese e-commerce company Alibaba Group Ltd. revealed on Friday its target price for what's being billed as the biggest IPO in history. The move also puts a firmer value on stock held by its biggest shareholder: Sprint Corp. owner SoftBank Corp. In a filing with the Securities and Exchange Commission, Alibaba said it will price its shares at between $60 and $66 a share.
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Category:Telecommunications