Alibaba
For those of you who ask about Alibaba this may be of interest as this was posted on Wall Street
"Chinese online retailer Alibaba has smashed records with the largest public offering in US history - and is now as valuable as Facebook after just one day on Wall Street.
The e-commerce powerhouse, which sells anything from fat suits to live animals, started the day valued more than Amazon and eBay at $168 billion, and sent tremors through the market as it floated stocks priced at $68 per share.
Shares quickly jumped to $98 once trading finally launched at 11.53am - after a delayed start due to an overwhelming influx of orders.
Now, the firm is worth $230 billion - more than Facebook - as stocks closed at $93, up 38 per cent
Also for any Canadians I learned today that Canada has shares in Alibaba according to news report CPP government plan has invested in Alibaba.
"Chinese online retailer Alibaba has smashed records with the largest public offering in US history - and is now as valuable as Facebook after just one day on Wall Street.
The e-commerce powerhouse, which sells anything from fat suits to live animals, started the day valued more than Amazon and eBay at $168 billion, and sent tremors through the market as it floated stocks priced at $68 per share.
Shares quickly jumped to $98 once trading finally launched at 11.53am - after a delayed start due to an overwhelming influx of orders.
Now, the firm is worth $230 billion - more than Facebook - as stocks closed at $93, up 38 per cent
Also for any Canadians I learned today that Canada has shares in Alibaba according to news report CPP government plan has invested in Alibaba.
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positivenegative -
Thanks
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