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Alibaba+announces+share+sale+details
Saturday, 06 September 2014 - 20:19
Alibaba announces share sale details
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China's biggest e-commerce firm Alibaba Group Holding says it expects to price its initial public offering between 60 and 66 dollars per share.

It has filed to sell up to 24.3 billion dollars in stock, in what will be the biggest technology listing in the US.

Facebook's IPO, which raised 16 billion in 2012, was the previous biggest share sale for an internet company.

Alibaba accounts for 80% of all online retail sales in China.
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