Ron Burgundy Posted September 15, 2014 Share Posted September 15, 2014 By Elzio Barreto, Fiona Lau and Liana B. Baker HONG KONG/NEW YORK (Reuters) - Alibaba Group Holding Ltd [iPO-BABA.N] raised the price range on its initial public offering to $66 to $68 on Monday, reflecting strong demand from investors for the year's most anticipated debut and potentially the world's largest-ever IPO. The company and selling shareholders will now raise almost $22 billion at the top of the new IPO range. Alibaba remains on track to set an IPO record if underwriters exercise an option to sell additional shares to meet demand, overtaking Agricultural Bank of China Ltd's $22.1 billion listing in 2010. Alibaba embarked on its roadshow for the IPO last week and attracted enough demand to cover its entire deal within two days, people familiar with the process said last week. View the full article Quote Link to comment Share on other sites More sharing options...
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