Alibaba raises IPO price range to $66 to $68 a share

Alibaba to raise IPO price range to $66-$68: Source

Alibaba raised the range for its initial public offering to $66 to $68 a share on Monday, according to a Securities and Exchange Commission filing.

The e-commerce giant had previously said in a filing its IPO price would be in the range of $60 to $66 per share. The company has not boosted the number of shares sold in the hotly anticipated public debut, according to the filing.

The offering, which totals 320 million shares, is valued at $21.77 billion.

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