| Home : September 05 2014 Computer News : Chinese e-commerce giant Alibaba seeks up to $21 billion in US IPO |
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Chinese e-commerce giant Alibaba seeks up to $21 billion in US IPO |
September 05, 2014
Alibaba is looking to raise as much as US$21 billion in its U.S. IPO, according to documents filed Friday, making the Chinese e-commerce company’s debut one of the largest initial public offerings in U.S. history.Its stock will be priced between $60 and $66 per share, according to a prospectus filed with the U.S. Securities and Exchange Commission. At the top of that range, if Alibaba sells just over 320 million shares as planned, it would bring in just over $21 billion. According to published reports, using the midpoint of that range Alibaba would be valued around $160 billion.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2603740/chinese-ecommerce-giant-alibaba-seeks-up-to-21-billion-in-us-ipo.html#tk.rss_all
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