Alibaba looks set to break Facebook's record for a technology IPO

Alibaba,the Chinesee-commercecompany, has received enough orders for shares in its record-breaking $21bn (£13bn) initial public offering to cover the entire deal more than a week before the flotation, according to people familiar with the IPO process.There was no indication as to where most of that demand was in the $60-66 per share indicative price range for the shares, said the people, who could not be named because details of the offering demand are not yet public. Alibaba declined to comment.. read more