By Liana B. Baker, Jessica Toonkel and Deepa Seetharaman (Reuters) – 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, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut. At that price, the IPO, one of […]
By Liana B. Baker, Jessica Toonkel and Deepa Seetharaman (Reuters) – Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said. By restricting the allocation so […]
By Jennifer Saba and Deepa Seetharaman NEW YORK (Reuters) – Amazon.com Inc ramped up its push into hardware on Wednesday with the debut of six new or upgraded devices, including a high-end $199 e-reader called the Kindle Voyage and its cheapest-ever touch-screen tablet. The No. 1 U.S. online retailer also revamped its basic Kindle e-reader […]
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