Chinese ecommerce company Alibaba has updated its IPO filing with the SEC to include a price range for the offering: $60-$66 a share. The numbers were first reported by The Wall Street Journal earlier in the day.
Since Alibaba expects to have 2.47 billion ordinary shares outstanding after the IPO, today’s pricing window pegs the company’s valuation between $148-163 billion. The company stands to raise as much as $21 billion by going public. As such, Alibaba is on track to have the largest stock offering in history.
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