Chinese company Alibaba sets prices for debut on Wall Street

Chinese company Alibaba sets prices for debut on Wall Street


Chinese company Alibaba sets prices for debut on Wall Street

The company plans to raise up to $ 24 billion when it goes public, which would make it the largest publicly traded internet company in the United States, above Facebook.

The set price per share will be between US $ 60 and US $ 66, and some 320 million shares will be offered.

Alibaba has 500 million users, 800 million products, a market value of over $ 120 billion, and sales that in one year have surpassed eBay and Amazon combined.

Also Read: Chinese Company Threatens Amazon Dominance

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