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Huffpost Business
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China’s Alibaba Group is seeking to raise up to $24.3 billion in its upcoming IPO — an amount that would be the most raised by a company in a stock market debut.
The e-commerce company and its early investors are hoping to sell up to 368 million shares for $60 to $66 apiece, according to a regulatory filing late Friday that sets the stage for Alibaba Group Ltd. to make its long-awaited debut on the New York Stock Exchange later this month.
The documents didn’t spell out when trading would begin. The debut is likely to come somewhere from Sept. 18 through Sept. 26. The timing hinges on how many issues regulators raise with the IPO.
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The Alibaba Group Holding Ltd. application loading page is displayed on an Apple Inc. iPad, rear, and iPhone 5s in an arranged photograph in Hong…
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