Alibaba's Massive IPO Just Got Even Bigger

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Alibaba is inching closer to having the largest IPO of all time.

The Chinese ecommerce giant increased the proposed price for its IPO to $66-$68 a share, according to a filing with the SEC on Monday afternoon. At the high end of that price range, Alibaba would raise about $21.8 billion and have a market cap of more than $165 billion

See also: Alibaba: What You Should Know About the Most-Hyped IPO of the Year

Alibaba first filed to go public in May after many months of rumors, and filed earlier this month to offer shares at a price between $60 and $66, potentially raising as much as $21 billion. The increase comes amid reports of strong demand from investors for Alibaba stock Read more...

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from MashableSeth Fiegerman