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Alibaba Plans to Close IPO Order Book Early

Alibaba Group Holding Ltd  plans to close its IPO order book early after it received enough orders to sell all the shares in the record-breaking offering, sources familiar with the matter said on Friday. The company, which launched its IPO on Monday, is expected to price the deal on September 18 and will start trading a day later. U.S.-based bookrunners are expected to stop taking orders from investors on Tuesday afternoon, a source familiar with the matter told...

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