Scalper1 News
In one of the most hotly anticipated IPOs of all time, Alibaba Group did not disappoint. The China e-commerce giant priced 320.1 million shares at 68, the high end of its upwardly revised range. The initial public offering raised $21.8 billion, making it the largest-ever U.S. IPO and giving it a market valuation of $168 billion — above Amazon (AMZN) but below Google and Facebook. Alibaba stock will begin trading on the NYSE Friday Scalper1 News
Scalper1 News