ALIBABA TO RAISE $21 BILLION IN IPO
Advertisement
China Photos / Getty Images
Advertisement
The company's updated filing shows that it plans to offer up to 320 million shares, and at these prices, the company would be about $160 billion at the midpoint of this range. At this valuation, the company would be one of the largest IPOs in U.S. stock market history.
Earlier on Friday, CNBC reported that Alibaba plans to begin trading on the New York Stock Exchange on September 19.
Alibaba is set to begin its roadshow next week, and its offering is expected to price on September 18, with the stock set to trade under the ticker 'BABA.'
More to come ...
Advertisement
Advertisement
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- BenQ Zowie XL2546X review – Monitor for the serious gamers
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?