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Garnry: The latest on Alibaba IPO with only hours to go

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Saxo Bank's Head of Equity Strategy Peter Garny brings us the latest on the Alibaba IPO as the pricing process gets underway ahead of the launch on the New York stock exchange tomorrow (Friday).

Peter explains why looking at previous internet firm IPOs, for example Twitter and Facebook, won't necessarily give you any clues on how Alibaba shares will perform.
Peter also talks us through the timetable for clients wanting to place orders as soon as the price is set. The current range is estimated to be between 66 and 68 USD per share.

Traders wanting to get in even earlier can buy Yahoo stock because Yahoo owns a  23% stake in Alibaba.