Alibaba indicated to open higher in Wall Street debut after record US IPO

Alibaba Group, the e-commerce company started in 1999 with $60,000 cobbled together by Jack Ma, is set to debut in US trading today after raising $21.8 billion in its initial public offering.

19th September, 2014
Alibaba CEO Jack Ma arrives at the New York Stock Exchange on Wall Street

Alibaba Group is indicated to open higher in its US trading debut, after the company raised a record breaking $21.8 billion in an initial public offering.

The Chinese company’s shares are currently indicated to begin trading at $80 to $83 apiece, after the IPO was priced at $68. The price indication, provided by Alibaba’s market maker on the New York Stock Exchange, is likely to change as orders for the shares come in. The morning auction...

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