‘Alibaba Plans to Close IPO Order Book Early’ – Re/code
Re/code team says, “Alibaba Group Holding Ltd plans to close its IPO order book early after it received enough orders to sell all the shares in the record-breaking offering, sources familiar with the matter said on Friday.
The company, which launched its IPO on Monday, is expected to price the deal on Sept. 18 and will start trading a day later.
U.S.-based bookrunners are expected to stop taking orders from investors on Tuesday afternoon, a source familiar with the matter told Reuters”.
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