Alibaba Raises IPO Prices

Alibaba Raises IPO Prices
Sep 17, 2014 By eChinacities.com

In the latest news from Alibaba, the Alibaba Group Holding Ltd has raised their IPO price from $66 to $68. This clear signal of investor enthusiasm is no surprise, as Alibaba is going to be the largest listing in US technology history.

Alibaba is a huge venture, as transaction is more than Amazon and eBay put together, and its competition is already seeing the difference. Although Alibaba is not yet on the stock market, early this week saw a decline in price of both jd.com and Amazon – both listed on NASDAQ.

Global Times reported that an anonymous source informed them that the Alibaba IPO is expected to be priced on Thursday and to start trading on Friday. Its long-term future is looking bright according to speculators, as currently only half of the Chinese population is buying online, leaving a large amount of shoppers still waiting to be conquered by Alibaba founder Jack Ma Yun.

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Keywords: Alibaba IPO Raised from $66 to $68

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