China's
biggest e-commerce firm Alibaba Group Holding says it expects to price its
initial public offering (IPO) at between $60 and $66 per a share.
It
has filed to sell up to $24.3bn (£15bn) in stock, in what will be the biggest
technology listing in the US.
Facebook's
IPO, which raised $16bn in 2012, was the previous biggest share sale for an internet
company.
Alibaba
accounts for 80% of all online retail sales in China. Its sites also include
Taobao, Tmall, and AliExpress.
Facebook's
IPO gave it a market value of more than $100bn. Alibaba's IPO would give it a
market value of up to $162bn.
"From
the very beginning our founders have aspired to
