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Alibaba Ipo Prices At Top Of Range, Raising $21.8 Billion

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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Alibaba founder Jack Ma gives a thumbs up as he arrives to speak to investors at an initial public offering roadshow in SingaporeBy 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 the largest-ever, would give Alibaba a market valuation of $167.6 billion, surpassing American corporate icons from Walt Disney Co to Boeing Co . The offering also vaults it atop U.S. ...




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