Alibaba expects IPO to be priced between $60 and $66 per share

Fri Sep 5, 2014 4:06pm EDT
 
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(Reuters) - Chinese e-commerce company Alibaba Group Holding Ltd [IPO-BABA.N] said its expects to price its initial public offering at between $60 and $66 per American Depository share.

Alibaba plans to launch its New York stock market debut in the week of Sept. 8, a person briefed on the matter told Reuters in late August.

The much-anticipated sale or IPO could raise more than $20 billion, making it the biggest technology listing in the United States.

(Reporting by Avik Das in Bangalore; Editing by Savio D'Souza)

 
People play in a hall inside Alibaba's headquarters in Hangzhou, Zhejiang province, April 23, 2014. REUTERS/Chance Chan