After the IPO euphoria, what will Alibaba do to justify share price?
By Mike Bastin | China Daily | Updated: 2014-09-16 09:09
Alibaba Group Holding Ltd's high-profile initial public offering on the New York Stock Exchange is just days away, with trading expected to commence on Friday.
The IPO has been forecast to raise as much as $24 billion, which will make the IPO the largest in history.
Investor attention and probable attraction has been heightened by the relatively conservative initial share price set at $60 to $66.
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