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Alibaba to raise up to $25 bn with revised IPO price

16
Sep
2014

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 stock flotations, set in 2010 by Chinas AgBank. Alibaba would raise between $24.3 billion and $25.03 billion based on the new documents filed with the Securities and Exchange Commission. Alibaba would have a market value of $163-$168 billion based on the new price range.

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