Alibaba sets IPO share price, to raise $25 bn: source


Chinese online retail giant Alibaba priced its stock at $68 on Thursday, setting in motion a record-breaking public offering of up to $25 billion, sources said.The company, set to begin trading Friday on the New York Stock Exchange, priced at the top of the range of $66-$68 per share announced earlier this week, according to sources familiar with the mega deal.