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See what Alibaba's IPO means to Sprint's owner

2014-09-06 00:34:25| IT Services - Topix.net

Chinese e-commerce company Alibaba Group Ltd. revealed on Friday its target price for what's being billed as the biggest IPO in history. The move also puts a firmer value on stock held by its biggest shareholder: Sprint Corp. owner SoftBank Corp. In a filing with the Securities and Exchange Commission, Alibaba said it will price its shares at between $60 and $66 a share.

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Teine Energy Said to Seek C$700 Million IPO as Offerings Surge

2014-09-04 09:36:16| Grocery - Topix.net

Teine Energy Ltd., an oil and natural gas producer majority-owned by Canada Pension Plan Investment Board, is working with banks on an initial public offering and may raise as much C$700 million in the next few weeks, said people familiar with the process. The closely held company, the largest light-oil producer in the Viking formation in southwestern Saskatchewan, hired Canadian Imperial Bank of Commerce and Toronto-Dominion Bank to manage the offering, said the people, who asked not to be identified because the matter is private.

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Road to Fiat-Chrysler IPO could be rough amid weak sales in Brazil

2014-09-02 16:45:51| Automakers - Topix.net

Fiat's shipments in Brazil fell 21% in the second quarter compared to a year earlier.

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Alibaba set to break U.S. IPO records

2014-09-02 02:00:00| Total Telecom industry news

Chinese e-commerce leader prepares for public listing within three weeks.

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Alibaba set to begin IPO roadshow - report

2014-09-01 08:54:00| Telecompaper Headlines

(Telecompaper) Alibaba is expected to begin the roadshow for its initial public offering early in the week of 08 September, and its shares could list as soon as 18 or 19 September, a person familiar with the situation told the Financial Times. The marketing trip, when company executives and Wall Street bankers meet with prospective investors, will kick off in Asia and include stops in Europe and the US, the report said. The Chinese e-commerce company is expected to raise about USD 20 billion when it lists on the New York Stock Exchange. A price range for the shares is typically given just ahead of the start of the roadshow. Alibaba also increased its internal valuation to USD 140 billion, from USD 133 billion earlier this month and USD 119 billion in June, according to regulatory filings.

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