China's Alibaba eyes record-breaking IPO
New York (AFP) Sept 05, 2014 - Chinese online marketplace Alibaba unveiled plans Friday to raise up to $24.3 billion in what could be the biggest stock flotation in history. The company told US regulators it would offer some 320 million shares in a range of $60 to $66 per share. An option will be available for 48 million additional shares. The plan would raise a minimum of $19.2 billion even if the option for addition ... more
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