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 bln

Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday. At that price, the IPO, one of the largest-ever, would give Alibaba a market valuation of $167.6 billion.