NEW YORK: Alibaba Group Holding Ltd's shares are expected to surge in their first day of trading on Friday as many investors that received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history.
Floor traders at the New York Stock Exchange were getting set for the stock to begin trading. Indications were for the stock to begin trading between $87 and $89 a share, more than 25 percent increase from its $68 initial public offering price.
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