The Traderszone Network

Published in TZ Latest News 8 September, 2014 by The TZ Newswire Staff

U.S. investors line up in droves to hear Alibaba’s pitch

Among the investors attending the event was Mario Gabelli, CEO of Gabelli Asset Management. Alibaba is seeking to raise more than $21 billion in an initial public offering that will value the company at up to $163 billion and rank as the largest-ever technology debut in the United States. Alibaba expects to price the IPO at $60 to $66 per American Depository Share. It will list shares on the New York Stock Exchange and start trading later this month.