Alibaba reveals terms of IPO

Claman on Call: FBN's Liz Claman with an after-hours web exclusive on the markets, Alibaba IPO plans, the August jobs report, Toyota's latest safety technology, beauty on the go with Glamsquad and Apple's highly anticipated event ... next week.

Claman on Call: Alibaba Sets IPO Price Target

By After the Bell FOXBusiness

Alibaba revealed the terms of its highly-anticipated initial public offering – with the stock expected to start trading on Sept. 19.

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According a filing with the Securities Exchange Commission, the Chinese e-commerce giant plans to set the initial price range at $60-$66 per share – which means the company will raise roughly $20 billion, making it possibly the biggest U.S. IPO ever.

Stick with FOX Business for the latest on this developing story, including its impact on Yahoo which is expected to cut its stake in Alibaba to 16.3% from 22.4%.

U.S. stocks ended the week in rally mode. The S&P 500 posted another record finish as investors cheered the disappointing August jobs report. Traders are betting the subpar jobs numbers will prompt the Federal Reserve to hit the brakes on any possible interest rate hike.

Toyota Motor Sales senior vice president Bob Carter joined FBN Friday to discuss the Japanese automaker’s potentially groundbreaking advances in safety technology. Carter says features like automatic braking and cameras that’ll keep you awake behind the wheel should be available in all Toyota models by 2017.

If you’re just too busy to leave the house, there’s a company that will bring beauty to your doorstep. Glamsquad CEO and co-founder Alexandra Wilkis Wilson joined FBN on Friday to discuss her brand new app that lets customers book hair stylists and make-up artists with the swipe of a finger.

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You can check out all of today’s interviews on FOXBusiness.com/OnCall.

Next week will be a busy one for business news. Apple is set to host its highly-anticipated media event on Tuesday. The tech giant is expected to unveil the next generation of the iPhone – iPhone 6. FOX Business will be live at the event to break down all of the features.

On Wednesday Liz Claman will be in Silicon Valley broadcasting live from Greylock Partners.

Be sure to tune in to Countdown to the Closing Bell every weekday at 3 p.m. ET.

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