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NEWS: Alibaba to be largest tech IPO of all time

'Chinese internet-based B2B ecommerce business Alibaba is expected to float later this month with the largest every IPO valuation for a tech company

The company will be offering an estimated 320.1 million shares, priced between $60 to $66.

The brand launched the IPO on Monday, with the deal to go through on 18 September. If successful will raise around $21 billion (£13) billion, trumping Facebook’s 2012 IPO by around $5.1 billion and becoming the largest floation of its kind.