Alibaba IPO expected to be priced within range: CNBC

Reuters

(Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd's initial public offering is expected to be priced within the existing range of $66 to $68 per share, CNBC reported, citing sources familiar with the situation. Advisers have recommended a price of $68 per share, but Alibaba will choose the final price after a board meeting on Thursday, the report said. (http://cnb.cx/1rfJDOA) An Alibaba spokesman declined to comment. (Reporting by Amrutha Gayathri in Bangalore; Editing by Maju Samuel)