DTN News - CHINA NEWS: Alibaba Prices Shares At $68 In Largest US IPO Ever
(NSI News Source Info) TORONTO, Canada - September 20, 2014: (NEW YORK) - Chinese e-commerce powerhouse Alibaba Group priced shares on Thursday for its upcoming initial public offering at $68 each, in what is one of the largest IPO for a U.S.-listed company.
The deal raised $21.8 billion, which is to be split among the Chinese e-commerce behemoth, its executives and early investors.
• The $21.8 billion raised is to be split among the Chinese e-commerce behemoth, its executives and early investors
• Alibaba is expected to begin trading at the New York Stock Exchange Friday morning
• A $68 per share IPO will have raised $21.77 billion and valued the company at $167.62 billion.
*Source: DTN News - - This article compiled by K. V. Seth from reliable sources Forbes
*DTN China - Available on Twitter
*Presented & compiled for DTN News ~ Defense-Technology News
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