Trending: In COVID-19 era, even Bill Gates admits he feels as if he’s waking up in a nightmare every morning

Alibaba, the largest e-commerce company in China, is now seeking to raise $66 to $68 a share in its U.S. public offering, according to Bloomberg. It was initially seeking to raise $60 to $66 apiece. At the high-end of the new range, Alibaba could raise as much as $21.8 billion, which would make the company worth as much as $170 billion, or more valuable than Amazon ($153 billion) and Disney ($154 billion). Alibaba is expected to sell the shares on Thursday night and start trading Friday.

Like what you're reading? Subscribe to GeekWire's free newsletters to catch every headline

Comments

Job Listings on GeekWork

CTO-in-Residence // Co-FounderALLEN INSTITUTE FOR ARTIFICIAL INTELLIGENCE (AI2)
Technical Co-Founder // CTO (Stealth Startup)ALLEN INSTITUTE FOR ARTIFICIAL INTELLIGENCE (AI2)
Deep Learning Engineer // Co-FounderALLEN INSTITUTE FOR ARTIFICIAL INTELLIGENCE (AI2)
Executive AssistantRad Power Bikes
Find more jobs on GeekWork. Employers, post a job here.