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It’s official. Alibaba is going to be the largest IPO in US history. The company is going public Friday and just settled on its opening price — a whopping $68. That means Alibaba expects to raise $21.8 billion, with a valuation of roughly $168 billion. Analysts expect the shares to pop after the market opens because the underwriters valued the stock lower than demand.
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Reblogged this on msbajwa and commented:
English Teacher, Jack Ma, striking gold at just the right time.