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REPORT: ALIBABA PRICES IPO AT $68 PER SHARE

Myles UdlandSep 19, 2014, 02:49 IST

Alibaba just priced its IPO at $68 per share, according to Dow Jones.

At this price, Alibaba is raising just less than $21.8 billion with the company's value set at about $168 billion.

The company was expected to price its IPO between $66-$68 per share, an increase from the originally announced $60-$66 range.

Shares of Alibaba are expected to begin trading on the New York Stock Exchange on Friday morning.