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Cartoon of the Day: Alibaba or Ali-Bubble? - Alibaba cartoon 09.XX.2014

Demand for Alibaba shares was long expected to be strong. But the orders have come in so quickly that the company’s banks expect to close their order books early. Underwriters reportedly told their sales staffs this morning that they would close all orders for the IPO by Wednesday afternoon. They also hinted that they might eventually raise the price range for the stock sale, pushing it past a fund-raising goal of $21.1 billion.