Alibaba’s Valuation is Out: What it Means for ETFs
September 05, 2014 at 16:45 PM EDT
More fuel has had been added to the already scalding hot anticipatory fire that is the Alibaba initial public offering as the Chinese e-commerce will reportedly offer its shares at $60 to $66, valuing the company at about $160 billion at the midpoint of that range. “It isn’t unusual for...