The Traderszone Network

Published in TZ Latest News 18 September, 2014 by The TZ Newswire Staff

Alibaba IPO prices at top of range, raising $21.8 billion

At that price, the IPO, one of the largest-ever, would give Alibaba a market valuation of $167.6 billion, surpassing American corporate icons from Walt Disney Co (DIS.N) to Boeing Co (BA.N). “I’d put them (Alibaba) in a class of Facebook and Google with the scale they have, growth prospects and profitability,” said Scot Wingo, CEO of e-commerce software provider ChannelAdvisor.

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