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Posts Tagged ‘Alibaba Group Holding Inc’

NEW YORK (AP) — Alibaba now plans to raise up to $25.03 billion in its upcoming IPO, making what was expected to be the biggest stock market debut even bigger.

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Chinese online giant Alibaba on Monday boosted the price range for what was already expected to be the biggest stock offering on record, to as much as $25.03 billion. Documents filed with US regulators upped the price range for the stock offering to $66-$68 per share, resulting in proceeds which would break the record for […]

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By Gerry Shih and Matthew Miller BEIJING (Reuters) – Inside Alibaba, where co-founders are revered like rock stars, relatively few employees know about the soft-spoken executive who for years kept his same cramped office, unfashionable clothes and the self-effacing demeanor of a metalworkers son. Alongside Ma, who holds the lions share of those domestic firms, […]

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