The e-commerce company is planning to launch the largest IPO ever, putting Yahoo in line to earn $8bn.
China-based e-commerce company Alibaba set the range for its long-awaited US initial public offering on Friday, through which it will seek to raise almost $24.3bn.
The company plans to issue just over 320 million shares priced between $60 and $66 each, which would equate to the largest IPO in history. It did not offer any details concerning its plans for the proceeds apart from its intention to invest the money outside of its home country.
Internet company Yahoo plans to…
