Alibaba seeks to raise more than US$24 billion in record IPO
Saturday, September 06, 2014
(South China Morning Post by Chim Sau-wai) – Chinese e-commerce giant Alibaba Group Holding is seeking to raise up to US$24.3 billion in what could become the world's biggest ever share sale.
The company expects to price its initial public offering (IPO) at between US$60 and US$66 a share, it said in a filing to the US Securities and Exchange Commission.
