NEW YORK: Alibaba Group Holding Ltd has received enough orders for its record-breaking initial public offering to cover the entire deal within just two days of its launch, people familiar with the IPO process said.
There was no indication as to where most of that demand was in the US$60-US$66 per share indicative range for the IPO, said the people, who couldn’t be named because details of the offering demand aren’t yet public.
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