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Softbank is Alibaba IPO's prizewinner

2014-09-16 13:33:40| IT Services - Topix.net

After Alibaba pushed up its IPO price range to $66 to $68 per share, it has become all too clear that Sprint parent SoftBank Corp. is the biggest winner hands down. China e-commerce giant Alibaba Group Holding Ltd. is a clear winner as it will likely raise $25 billion from the initial public offering, The Wall Street Journal reports .

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