Alibaba sets IPO price at $68 per share

GMT 05:58 2014 Friday ,19 September

Arab Today, arab today Alibaba sets IPO price at $68 per share

Alibaba Group in Hangzhou
New York - XINHUA

Chinese e-commerce giant Alibaba Group Holding Limited on Thursday priced its stock at 68 U.S. dollars, in an initial public offering (IPO) valued at 21.8 billion dollars, a source familiar with the situation told Xinhua.
The IPO price was at the top of the range of between 66 dollars and 68 dollars it disclosed on Sept. 15. Alibaba's shares will begin trading on Friday at the New York Stock Exchange under the symbol "BABA."

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