Facebook set a proposed price range of $28 to $35 per share for its highly anticipated initial public offering. In an amendment to its IPO filing with the Securities and Exchange Commission, the social media giant said it will sell 337.4 million shares. Read the full story at Fox Business.
Alibaba, the Chinese e-commerce powerhouse, started trading on the New York Stock Exchange (NYSE) today at a price of $92.70 per share. The company set its initial public offering (IPO) at $68 per share on Thursday, which would put ... Read Post
Chinese ecommerce giant Alibaba has priced its IPO at $68, the high-end of its revised range, The Wall Street Journal reports. Set to begin trading on Friday, the company will raise a near-record $21.8 billion from the offering. The... Read Post