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Alibaba plans to close IPO order book early: Bloomberg

September 12, 2014

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(Reuters) – Alibaba Group Holding Ltd [IPO-BABA.N] plans to close its IPO order book early after it received enough orders to sell all the shares in the record-breaking offering, Bloomberg reported, citing people with knowledge of the matter. The Chinese e-commerce group had orders to sell shares at the higher end of the expected price range of $60 to $66 per share, the sources said. (http://bloom.bg/Zja2QT) Alibaba is expected to stop taking orders in Asia on Sept. 17, a day earlier than previously scheduled, Bloomberg reported. …