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Chinese online giant Alibaba on Monday boosted the price range for what was already expected to be the biggest stock offering on record, to as much as $25.03 billion. Documents filed with US regulators upped the price range for the stock offering to $66-$68 per share, resulting in proceeds which would break the record for stock flotations, set in 2010 by China's AgBank. Alibaba would raise between $24.3 billion and $25.03 billion based on the new documents filed with the Securities and Exchange Commission. Alibaba would have a market value of $163-$168 billion based on the new price range.
Minneapolis (AFP) - Minnesota Vikings running back Adrian Peterson, reinstated on Monday by the NFL team, declared he was not a child abuser despite charges of injuring his four-year-old son with blows from a switch.