September 18, 2014 / 4:49 PM / 3 years ago

Alibaba IPO expected to be priced within range - CNBC

(Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd’s IPO-BABA.N initial public offering is expected to be priced within the existing range of $66 (40.47 pounds) to $68 (41.69 pounds) per share, CNBC reported, citing sources familiar with the situation.

Advisers have recommended a price of $68 per share, but Alibaba will choose the final price after a board meeting on Thursday, the report said.

An Alibaba spokesman declined to comment.

Reporting by Amrutha Gayathri in Bangalore; Editing by Maju Samuel

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