阿里巴巴提升首次公开募股股价
[font=Verdana, Arial, Tahoma][size=14px][b]Chinese online giant Alibaba has increased the price range of its initial public offering (IPO), meaning it could raise more than $25bn when it lists in New York.[/b][/size][/font][font=Verdana, Arial, Tahoma][size=14px][b]中国网络零售业巨头阿里巴巴提升了首次公开募股的价格幅度，意味着在纽约上市的时候将可能募资超过250亿美元。[/b][/size][/font]
[font=Verdana, Arial, Tahoma][size=14px]The firm said in an official filing that it expected to price its shares at between $66 and $68 a share, up from its earlier [url=http://www.enread.com/news/business/98096.html]price[/url] range of $60 to $66 a share. [/size][/font]
[font=Verdana, Arial, Tahoma][size=14px]The increase suggests demand for the firm's shares are high.[/size][/font]
[font=Verdana, Arial, Tahoma][size=14px]Its listing is expected this week.[/size][/font]
[font=Verdana, Arial, Tahoma][size=14px]Alibaba would have a market value of up to $168bn based on the new price range, making it larger than Amazon. [/size][/font]
[font=Verdana, Arial, Tahoma][size=14px]Alibaba plans to use the proceeds from the listing to expand in the US and Europe, [url=http://dict.qsbdc.com/founder][b]founder[/b][/url][url=http://dict.qsbdc.com/Jack][b] Jack[/b][/url] Ma said on Monday. [/size][/font]
[font=Verdana, Arial, Tahoma][size=14px]Record listing[/size][/font]
[font=Verdana, Arial, Tahoma][size=14px]Alibaba's flotation was already expected to be the largest listing in the US, overtaking the Agricultural Bank of China's 2010 flotation which raised $22.1bn.[/size][/font]
[font=Verdana, Arial, Tahoma][size=14px]Alibaba accounts for 80% of all online [url=http://dict.qsbdc.com/retail][b]retail[/b][/url] sales in [url=http://www.enread.com/news/business/98096.html]China[/url]. Its sites also include Taobao, Tmall, and AliExpress.[/size][/font]
[font=Verdana, Arial, Tahoma][size=14px]The company is selling 123.1 million of the 320.1 million shares in the IPO.[/size][/font]
[font=Verdana, Arial, Tahoma][size=14px]Meanwhile, selling [url=http://dict.qsbdc.com/shareholders][b]shareholders[/b][/url], including founder Jack Ma, Yahoo and executive [url=http://dict.qsbdc.com/vice][b]vice [/b][/url]chairman Joe Tsai, are offering the rest.[/size][/font]
[font=Verdana, Arial, Tahoma][size=14px]Rising internet usage in China and a growing and [url=http://dict.qsbdc.com/affluent][b]affluent[/b][/url] middle-class helped the firm make a profit of almost $2bn in the three months to the end of June, with sales up by 46% year-on-year to $2.54bn.[/size][/font]
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