Alibaba IPO: Wall Street Scrambles To Get Piece Of The Action, Even As Price Range Goes Up

The two hedge fund executives in bespoke suits turned to each other, winked and said, "Open sesame!" That reference to the magic words that reveal hidden treasure in the classic fairy tale failed to impress the security guard at the private elevator taking invited guests up to the 18th-floor suite of rooms in New York's Waldorf Astoria hotel for the Alibaba investor presentations last Monday. And the two investors shrugged before strolling back to the end of the line of almost 800 investors, whi...