Deals
Alibaba Said to Plan Boosting IPO Price on Strong Demand
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Alibaba Group Holding Ltd. plans to boost the price of its initial public offering amid strong investor demand, people with knowledge of the matter said, potentially making it the biggest in history.
China’s biggest e-commerce company plans to increase the top end of a marketed price range to just below $70, from $66 previously, said one of the people, asking not to be identified discussing private information. The announcement is likely to come later today after the market closes in New York, according to the person.