(AP Photo/Vincent Yu)
Chinese technology company Alibaba.com Ltd. reached its goal today of raising $1.5 billion in its initial public offering, sources told The Associated Press.
The e-commerce portal, sold 858.9 million shares, or a 17 percent stake, at roughly $1.75 each, a source told Dow Jones Newswires on condition of anonymity. The shares will debut on the Hong Kong stock market on Nov. 6.
Interested investors are shown above receiving copies of the prospectus and brochures for the IPO.
For more on Alibaba.com, read this report filed today from Hong Kong.