File - People walk at the headquarters of Alibaba in Hangzhou, Zhejiang province, in this April 23, 2014. REUTERS/Chance Chan
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Alibaba, which sells more than Amazon.com Inc. and eBay Inc. combined, could raise over $21 billion in its IPO.Alibaba's decision to price its shares between $60 and $66 per American Depository Share is an indication that the company may not be too concerned about having a big U.S. retail investor base, since retail investors prefer stocks that cost much less per share. Alibaba could have raised the same amount of money by selling more shares at a lower price.Alibaba has some major, publicly traded investors, which give Alibaba fans other ways to get into the stock early. One UBS AG adviser said that some retail clients expecting to get shut out of the IPO have opted to buy shares of Japan's Softbank Corp., which has a 34.1 percent stake in Alibaba going into the IPO.Softbank's and Yahoo's stakes will shrink from dilution in the IPO, and Yahoo will sell some shares, but both will remain major Alibaba shareholders.
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