Underwriters for Alibaba told their sales staffs they would close all orders for the initial public offering by next Wednesday afternoon, people briefed on the matter said. And the advisers hinted that they might eventually raise the price range for the stock sale, pushing it past a fundraising goal of $21.1 billion.
Underwriters for Alibaba told their sales staffs they would close all orders for the initial public offering by next Wednesday afternoon, people briefed on the matter said. And the advisers hinted that they might eventually raise the price range for the stock sale, pushing it past a fundraising goal of $21.1 billion. File photo The Associated Press
Underwriters for Alibaba told their sales staffs they would close all orders for the initial public offering by next Wednesday afternoon, people briefed on the matter said. And the advisers hinted that they might eventually raise the price range for the stock sale, pushing it past a fundraising goal of $21.1 billion. File photo The Associated Press

Demand for new Alibaba shares heats up

September 12, 2014 12:16 PM

UPDATED September 12, 2014 04:00 PM

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