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ali baba and the forty thieves - chairman - 09-19-2014
the investment banks buy at 68 but it opnes up at 92
thievessssssssssssssss
Re: ali baba and the forty thieves - chairman - 09-19-2014
Alibaba’s Shares Close Up 38% on First Day of Trading
Re: ali baba and the forty thieves - chairman - 09-19-2014
The Alibaba Group, the e-commerce giant, closed the day up 38 percent from its I.P.O. price, making a strong debut on its first day of trading to close at $93.89 share. The stock began the day at $92.70 a share on the New York Stock Exchange on Friday, a 36 percent jump above its initial public offering price of $68 a share, reflecting strong demand for the shares.
Alibaba has captured the attention of American investors, politicians and consumers to an extent that is unusual for a company that does much of its business in China.
[size=16px][font=georgia][/color][color=rgb(51, 51, 51)]Apart from [/color][color=rgb(50, 104, 145)]making its insiders rich[/color][color=rgb(51, 51, 51)] and providing fees to Wall Street, the initial public offering reflects the rise of China’s consumer class[/color][color=rgb(51, 51, 51)]. Investors see it as perhaps the best chance yet to[/color][color=rgb(50, 104, 145)]buy into the country’s growth[/color][color=rgb(51, 51, 51)].