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| Alibaba sets its initial public share price at $68 | Alibaba sets its initial public share price at $68 |
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| Chinese online giant Alibaba has set the price of its shares at $68 (£42) a day before its debut on the New York Stock Exchange. | Chinese online giant Alibaba has set the price of its shares at $68 (£42) a day before its debut on the New York Stock Exchange. |
| That values the internet company, which accounts for 80% of all online retail sales in China, at $167.6bn, | |
| The company raised about $21.8bn, making it one of the biggest share offerings in US history. | The company raised about $21.8bn, making it one of the biggest share offerings in US history. |
| The final amount could change, depending on how many shares the company's underwriters chose to buy. | |
| The largest US stock offering was the Agricultural Bank of China's $22.1bn listing in 2010. | |
| The company's shares will start trading under the symbol "BABA" and the bankers behind the offering have already said interest in Alibaba's stock was high. | |
| Alibaba operates a series of online marketplaces in China and elsewhere, handling more transactions than Amazon and eBay combined. | |
| What does Alibaba do? | |
| Alibaba Group owns or has stakes in several businesses, including: |