REPORT: ALIBABA PRICES IPO AT $68 PER SHARE
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Alibaba founder Jack Ma.
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At this price, Alibaba is raising just less than $21.8 billion with the company's value set at about $168 billion.
The company was expected to price its IPO between $66-$68 per share, an increase from the originally announced $60-$66 range.
Shares of Alibaba are expected to begin trading on the New York Stock Exchange on Friday morning.
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