Given the strong reception to the roadshow, Alibaba managemenet and its bankers have increased and narrowed the planned range of the offering from $60-$66 range to $66-$68 per American Depository Receipt. Considering the enormous interest in Alibaba’s offering, this revision will add 10% to 3% to Alibaba’s valuation at the lower and higher end of the offer price band.
Source: Markets
Author
Harry Joiner
“… a dominant recruiter in the client-side multichannel ecommerce space …” — SearchEngineWatch.com