The biggest initial public offering ever prices Thursday, and traders expect Chinese e-tailer Alibaba to make a fairly smooth entry.
"I'm sure it will be fine. There's so much hype around it," said Peter Boocvkar, chief market analyst, Lindsey Group. "It's not crazy. It's not like a Facebook from a valuation standpoint. It's a lot of supply but I think, it's impacting the market for a couple of days." Alibaba prices after the close Thursday and begins trading Friday.
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Its current range of $66 to $68 per share, values the offering at as much as $21.8 billion.