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Ahead of blockbuster IPO, Alibaba raises price range to $66-$68 a share
Ahead of blockbuster IPO, Alibaba raises price range to $66-$68 a share

Alibaba is seeing huge demand for its initial public offering and has raised the price range of its shares to $66 to $68. The Chinese Internet behemoth is expected to go public on Friday on the New York Stock Exchange.  The company disclosed the higher range in an amended filing with the U.S. Securities and Exchange Commission on Monday.  Its previous range, announced Sept. 5, was $60 to $66 a share. It expects to offer 320.1 million American depositary shares.  At $68 a share, Alibaba would raise $25.03 billion at a valuation of $170 billion, which would make it the biggest IPO ever. In comparison, Facebook raised $16 billion at a market value of $104 billion when it...

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