Scalper1 News
Research firm IPO Boutique said that its channel checks reveal, according to underwriter guidance, that the Alibaba Group IPO has “absolutely overwhelming demand.” The demand suggests that the stock will likely price near, or above, the high end of the already increased range of 66-68. Alibaba (BABA) is slated to price its shares late Thursday and begin trading Friday on the NYSE under the BABA ticker. It is positioned to set an IPO record, Scalper1 News
Scalper1 News