Initiating Coverage Of Alibaba At Price Estimate Of $80 Per Share

The buzz around Alibaba's U.S. IPO (initial public offering) is not surprising considering the company's dominance in China's growing e-commerce market and its profitable business model. The IPO has generated a lot of demand which prompted Alibaba and its bank group to recently raise its IPO price band to $66-$68 and ultimately price at $68 per share. Alibaba's growth story is impressive. Alibaba has become the biggest e-commerce firm in the world in terms of gross merchandise volume. In calenda...