Strong demand for Alibaba IPO may lead to an increase in the expected price rangeAccording to a September 12th article in the New York Times, orders for the impending Alibaba IPO are coming in so quickly that the banks leading the IPO expect to close their order books early. Knowledgeable sources also say there is a possibility the principals may decide to raise the price range for the stock sale, which is already slated to bring in $21.1 billion. Sign up for our free daily newsletter Details on Alibaba IPO As confirmed by multiple sources including Bloomberg, underwriters for the Alibaba IPO ordered their sales staffs on Friday that they would close all orders for the offering by this coming Wednesday afternoon. Moreover, the sources hinted that that Alibaba was also likely to raise the price range for the stock sale apst the curret $60 to $66. The sources indicated would stop accepting orders from U.S. investors Tuesday at 4 p.m. Asian and European money managers would have until the close of their business day to submit their orders. That said, it was also made clear that investors who are interested but have not met with the Alibaba executives by the new deadline will be given some additional time to place their orders. No sensitivity to price Of note, the underwriters also commented that they had received many orders with little to no "no sensitivity" to the current price range of $60 to $66 a share for the IPO. Analysts point out that with demand this great for shares, it’s likely the investment banks will go ahead and pull the trigger and increase the price range of what was already expected to be one of the largest IPOs in history.