PE investors set for partial exits as Alibaba targets $24b IPO
Chinese e-commerce giant Alibaba Group is seeking to raise as much as $24 million through a US IPO that could be the largest tech offering in history.
Alibaba said in a regulatory filing that it would sell 320.1 American Depositary Share (ADS) at $60-$66 apiece, putting the company on course to raise $19.2-21.1 billion. Including the extra shares set...
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