Alibaba settles on its IPO price — $68

It’s official. Alibaba is going to be the largest IPO in US history. The company is going public Friday¬†and just settled on its opening price — a whopping $68. That means Alibaba expects to raise $21.8 billion, with a valuation of roughly $168 billion. Analysts expect the shares to pop after the market opens because the underwriters valued the stock lower than demand.