vendredi 19 septembre 2014

#Alibaba Debuts Friday: Here’s What You Need to Know

The big day has come. Chinese e-commerce giant Alibaba Group Holding will list on the New York Stock Exchange Friday under the symbol BABA. Executive Chairman Jack Ma is expected to ring the exchange’s opening bell when trading begins at 9:30 a.m. New York time.

For Asian investors that will be Friday at 9:30 p.m., Hong Kong/Hangzhou time. Alibaba priced its initial public offering at $68 a share Friday, raising $21.8 billion. If extra shares are sold to underwriters, Alibaba could raise as much as $25 billion, making it the world’s biggest IPO. 

Read more: Alibaba executives have been on a two-week whirlwind marketing campaign to meet investors.

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