Ecommerce company Alibaba Group seeks to raise up to 243 billion to

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Associated Press Posted Sep 5, 2014 2:34 pm MDT SAN FRANCISCO – China’s Alibaba Group is seeking to raise up to $24.3 billion in its upcoming IPO, an amount that would be the most ever raised by a company heading into its stock market debut.The e-commerce company is hoping to sell up to 368 million shares for $60 to $66 apiece. Alibaba Group Ltd. set the price target in a regulatory filing late Friday, setting the stage for the company to make its long-awaited debut on the New York Stock Exchange later this month.At $66 per share, Alibaba would debut with a market value of $163 billion. That’s more than all but a handful of technology companies that have been around for much longer than Alibaba, which Jack Ma started 15 years ago in his apartment. E-commerce company Alibaba Group seeks to raise up to $24.3 billion to set new IPO record read more