Chinese
online giant Alibaba is expected to set the price of its shares later in what
could be a record-breaking initial public offering (IPO).
Alibaba
could raise between $22bn (£13.5bn) and $25bn when it lists its shares in New
York.
The
previous record IPO was set by Agricultural Bank of China's $22.1bn listing in
2010.
Alibaba
said in an official filing on Monday that it expected to price its shares at
between $66 and $68 a share.
The
increase suggested demand for the firm's shares is high.
The
listing could give Alibaba a total value of about
