Good morning! Here’s what you need to know: Alibaba Is Hot. In a new SEC filing, Chinese e-commerce giant Alibaba raised its IPO pricing range to $66-$68 per share from $60-$66. At the midpoint of the new range, the company would raise about $21.4 billion, with the value of the company set at a bit more than $165 billion. Alibaba prices on Thursday evening and goes public on Friday. Germany Is Cold. Germany’s ZEW index of investor confidence fell to 6.9 in September, down from 8.6 a month ago. While this was slightly better than the 5.0 expected by economists, …read more
Source: Business Insider
