WSJ.com: US Business
Alibaba's IPO Terms Imply Valuation of $155 Billion
Updated Sept. 5, 2014 4:16 p.m. ET
Chinese e-commerce giant Alibaba Group Holding Ltd. set the estimated price range of its initial public offering at $60 to $66 a share, valuing the company at about $155 billion at the midpoint of the range.
In a regulatory filing Friday, the company said it expects to offer 320.1 million American depositary shares. Including the extra shares set aside for underwriters, the offering could raise up to $24.3 billion, which would be...
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