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This forum gets no Love....
#5
The biggest IPO in history went down on the New York stock exchange when Alibaba, a Chinese integrated trading platform, stock went public this week.

[Image: Jack-Ma-Quotes-4.jpg]
Jack Ma's gotta be loving it. He's the Chinese creator/CEO of Alibaba. Interesting man who's now one of the richest in the world. He was an English teacher in China who failed a couple of university entrance exams, was introduced to the internet, and became fascinated. In 1999, from his apartment, he began work to turn his concepts into reality in China and is looking to expand Alibaba to Europe and the U.S.

More than two hours after trading began at the New York Stock Exchange, the stock opened at $92.70 and rose from there, hitting a high of $99.70 in active trading, during which more than 100 million shares change hands in composite trading in the first 10 minutes of trading.

The pricing on Thursday initially raised $21.8 billion for the Chinese e-commerce company. Scott Cutler, head of the New York Stock Exchange's global listing business, told CNBC that underwriters would exercise their option for an additional 48 million shares, to bring the IPO's size to about $25 billion, making it the largest IPO in history.

Alibaba is like a melding of eBaby, Amazon, and Paypal -- one shop stop between buyers and sellers with customer service and electronic payment.

The sale values the company at about $168 billion, more than American icons such as Walt Disney Co and Coca-Cola Co . Should the stock close at $98 on its first day, it would be worth about $241 billion, nearly the value of Wal-Mart Stores Inc.

About Alibaba: http://www.usatoday.com/story/money/mark.../15819803/
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This forum gets no Love.... - by Maggot - 09-13-2014, 10:46 PM
RE: This forum gets no Love.... - by Maggot - 09-13-2014, 10:51 PM
RE: This forum gets no Love.... - by username - 09-14-2014, 12:57 AM
RE: This forum gets no Love.... - by Duchess - 09-14-2014, 05:42 AM
RE: This forum gets no Love.... - by HairOfTheDog - 09-19-2014, 06:01 PM
RE: This forum gets no Love.... - by Duchess - 09-20-2014, 10:38 AM
RE: This forum gets no Love.... - by username - 09-20-2014, 11:22 AM
RE: This forum gets no Love.... - by Som Yung Ho - 03-21-2017, 10:57 PM
RE: This forum gets no Love.... - by Duchess - 09-20-2014, 11:25 AM
RE: This forum gets no Love.... - by thekid65 - 09-20-2014, 11:53 AM
RE: This forum gets no Love.... - by HairOfTheDog - 09-20-2014, 12:37 PM
RE: This forum gets no Love.... - by thekid65 - 09-21-2014, 07:27 AM
RE: This forum gets no Love.... - by Maggot - 03-19-2017, 08:39 PM
RE: This forum gets no Love.... - by Maggot - 01-16-2018, 10:16 PM