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Garnry: Alibaba IPO gets off to record breaking start

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Peter Garnry, Head of Equity Strategy at Saxo Bank, has the latest on the Alibaba IPO which launches today. Shares are priced at sixty eight USD and demand from traders is expected to break stock market records.Peter says the shares have a fair value of ninety USD and thinks that the pricing is deliberately "conservative" to attract retail investors to the stock.