Alibaba prices IPO at $68 per share

Share on Facebook0Tweet about this on Twitter0Buffer this pageEmail this to someone

Reports: Daily Mail

Alibaba, the Chinese e-commerce powerhouse named after a fabled, poor woodsman who discovers a thieves’ den full of treasures, has struck it rich on the New York Stock Exchange.

The company priced its initial public offering of stock at $68 per share – valuing the firm at $167.62 billion, which bigger than the current market value of Amazon, Cisco, and eBay.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>