((RAIN)) Rainmakers-Island

[crudeoil24]

(Reuters) - Alibaba Group Holding Ltd is prepared to raise the price range on its initial public offering to $66 to $68 a share, from $60 to $66 previously, The Wall Street Journal reported on Monday, citing people familiar with the matter.

Alibaba's executives are currently touring several major cities on the company's global roadshow. Sources say demand for the IPO, which could be the world's largest, has been strong.


(Reporting by San Francisco newsroom; Editing by Leslie Adler)

One day I was in San Francisco in a coffee shop, and I was thinking Alibaba is a good name. And then a waitress came, and I said, "Do you know about Alibaba?" And she said yes. I said, "What do you know about Alibaba?", and she said, "Alibaba and 40 thieves". And I said, "Yes, this is the name!" Then I went onto the street and found 30 people and asked them, "Do you know Alibaba?" People from India, people from Germany, people from Tokyo and China … they all knew about Alibaba. Alibaba — open sesame. Alibaba is a kind, smart business person, and he helped the village. So … easy to spell, and globally known. Alibaba opens sesame for small- to medium-sized companies. We also registered the name "Alimama", in case someone wants to marry us!"[8]