China's Alibaba closing part of IPO order book early
(For a Hong Kong IPO diary, click <HK/IPOMENU>)
HONG KONG, Oct 24 (Reuters) - Chinese e-commerce firm Alibaba.com, raising up to US$1.49 billion in an IPO, has decided to close the order book early for institutional investors in Asia and the United States, after the deal attracted about US$100 billion in share orders from institutions, sources said.
Order book building for global institutional investors had been scheduled to remain open until Friday but will close on Wednesday in Asia and the United States, one of the sources said.
Book-building in Europe, as well as for Hong Kong retail investors, will remain open through Friday, the source said.
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