Alibaba sets IPO share price, to raise $25 bn: source
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NEW YORKSep 19, 2014 - 12:00 am GMT+3
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Sep 19, 2014 12:00 am
Chinese online retail giant Alibaba priced its stock at $68 on Thursday, setting in motion a record-breaking public offering of up to $25 billion, sources said.
The company, set to begin trading Friday on the New York Stock Exchange, priced at the top of the range of $66-$68 per share announced earlier this week, according to sources familiar with the mega deal.
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