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Alibaba Shares Open at $92.70, Jumping 36% From I.P.O. Price

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Fri, 19 Sep 14 9:27 PM | 39 view(s)
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Alibaba Shares Open at $92.70, Jumping 36% From I.P.O. Price

Alibaba began trading on the New York Stock Exchange at $92.70 a share, nearly two and a half hours after the market opened.

The opening price is a 36 percent jump above the initial public offering price, reflecting investors’ hunger for the shares.

The company starts trading with a market valuation of $228.5 billion. 

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http://dealbook.nytimes.com/2014/09/19/live-blog-tracking-the-giant-alibaba-i-p-o/?emc=edit_na_20140919




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