Alibaba Group Holding started to price their stocks at around 175 HK (approx. 22.49 USD) and raised about 11 billion USD emits the shares on the Hong Kong bourse.
The final price can change because it is not formally set. Second time it can change after putting stocks on secondary market.
Many analysts say that it will be the biggest or second biggest (after Saudi’ s Aramco emission) IPO sale globally this year. Company has already stopped taking orders on 500 million shares from institutional investors.
So, in few days Alibaba reveal the if it is or not the biggest IPO or not this year.