An employee walks past the Alibaba logo during a media tour organized by government officials at the company’s headquarters on the outskirts of Hangzhou, Zhejiang province, China.
Carlos Barria | Reuters
Alibaba will price within its existing range of $66 to $68 a share, CNBC has learned from sources familiar with the situation.
Advisors have recommended a price of $68 a share, which Chinese consider a lucky number. Ultimately, Alibaba will choose the final price, which will depend on a board meeting on Thursday.
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The company's management is playing a "hands-on" role in allocating shares.
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—By CNBC.com Staff with reporting from CNBC's Kayla Tausche
