By John Glenday

Chinese e-commerce juggernaut Alibaba is to price its stock at $68 a share ahead of what is expected to be a record breaking Initial Public Offering in New York this morning.

In what is being hailed as the largest stock market flotation of all time Alibaba will debut at the top end of its anticipated range, raking in as much as $22bn in cash to fuel expansion across the US and EU.

The pricing would value the company at $167.6bn, a higher tally than Amazon and twice the igure which eBay can command.

Alibaba’s meteoric rise to global juggernaut has been built on Read full story ›

Source: The Drum