Bigger than Facebook: China's e-commerce giant prices stock on Wall Street

Alibaba, the Chinese e-commerce powerhouse named after a fabled, poor woodsman who discovers a thieves’ den full of treasures, is ready to strike it rich on Wall Street.

The company priced its initial public offering (IPO) of stock on the New York Stock Exchange at US $68 per share, the top end of the expected price range, according to Alibaba.