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.
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.
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 […]
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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