September 18, 2014 / 9:34 PM / in 3 years

Alibaba IPO prices at $68 per share: Dow Jones

(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.

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

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

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