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Alibaba Group’s expected price range for its heralded U.S. IPO is too low, says an analyst who set his price target far higher. China’s No. 1 e-commerce company has set an expected price range of 60 to 66 for its upcoming U.S. IPO, which at the high end could raise more than $24 billion, making it the largest U.S. IPO ever. But the company’s stock should be valued at about 100, Henry Guo, an analyst from JB Capital Global Investment Research, Scalper1 News
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