Alibaba IPO prices at $68 per share: Dow Jones

Thu Sep 18, 2014 5:37pm EDT
 
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(Reuters) - Alibaba Group Holdings priced its initial public offering at $68 per share, the top of its projected range, Dow Jones Newswires reported on Thursday, citing an unnamed source familiar with the situation.

At that price, the deal would be worth about $21.8 billion, valuing the Chinese ecommerce company at $168 billion, Dow said.

(Reporting By Dan Burns; Editing by Bernard Orr)

 
Alibaba founder Jack Ma gives a thumbs-up as he arrives to speak to investors at an initial public offering roadshow in Singapore September 16, 2014. REUTERS/Edgar Su