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Alibaba IPO prices at $68 per share: Dow Jones

Alibaba IPO prices at $68 per share: Dow Jones

(StartName) – Alibaba Group Holdings priced its initial public offering at $68 per share, the top of its projected range, Dow Jones Newswires reported on Thursday, citing an unnamed source familiar with the situation.

At that price, the deal would be worth about $21.8 billion, valuing the Chinese ecommerce company at $168 billion, Dow said.

(Reporting By Dan Burns; Editing by Bernard Orr)

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