On Friday, Alibaba started trading on the New York Stock Exchange, and as part of the historic IPO, Yahoo made billions of dollars and still has billions left to make — all thanks to a deal made nearly 10 years ago. Way back in August 2005, Yahoo had officially decided to invest $1 billion in Alibaba in exchange for about 40% stake in the company. Show More Summary
Alibaba’s stock popped resoundingly during its New York Stock Exchange debut Friday, suggesting that the Chinese online shopping middleman could have raised billions of dollars more during its initial public offering.
We were on the floor of the New York Stock Exchange this morning for Alibaba’s debut. The Chinese e-commerce company had the biggest initial public offering ever for a US-listed company, and its share price jumped another 36 percent when it opened at $92.70. Show More Summary
NEW YORK — With Wall Street focused on the debut of Alibaba Group, the stock market drifted into the weekend and major indexes ended little changed.
Chinese e-commerce giant Alibaba went public on the New York Stock Exchange today in what is officially the largest IPO in US stock market history. The stock opened at $92.70 per share, putting the company's market cap at over $228 billion. Show More Summary
Founder Jack Ma now stands as China's richest man with an estimated net worth of $21.9 billion. Alibaba made its debut September 19 on the New York Stock Exchange as the largest initial public offering in U.S history. Read Full Stor...
A screen with Chinese online retail giant Alibaba’s stock price is pictured on the floor at the New York Stock Exchange on Friday. A buying frenzy sent Alibaba shares sharply higher Friday as the Chinese online giant made its historic Wall Street trading debut. Show More Summary
Alibaba's long-awaited debut on the New York Stock Exchange hasn't disappointed. The Chinese e-commerce behemoth opened at $92.70 per share, about 35% above its IPO price of $68, reports USA Today. The frenzied demand pushed the company's market value to $228.5 billion, ahead of even Facebook's value of...
Alibaba, the massive Chinese e-commerce company that is the functional equivalent of Amazon, EBay, Uber, PayPal and a bunch of other companies combined, made its debut on the New York Stock Exchange this morning. It was the largest initial public offering in U.S. Show More Summary
Shares of the Chinese e-commerce giant opened at $92.70 a share on the New York stock exchange today, making it the biggest initial public offering in U.S. history. They were priced at $68 a share.
The biggest IPO in U.S. history is taking place today, as Chinese e-commerce giant Alibaba goes public on the New York Stock Exchange. And there's one American company that will experience a windfall from Alibaba's stock, not just today, but in the months and years to come: Yahoo. Show More Summary
NEW YORK — Alibaba shares rise 36 percent to open at $92.70 in public debut on New York Stock Exchange.
Alibaba, the Chinese internet behemoth that is a cross between Amazon, eBay, and Google, launched its highly anticipated IPO on the New York Stock Exchange on Friday — and promptly began trading at $92.70 a share, far higher than its Thursday asking price of $68 per share. Show More Summary
Chinese Internet giant Alibaba opened on the New York Stock Exchange at $93.90 a share. This marks the biggest initial public offering in U.S. history. The IPO was set at $68 a share last night and was supposed to give the online marketplace operator a value of $168 billion. It’s valuation is now estimated to be $233 billion, according […]
Alibaba just opened trading on the New York Stock Exchange at $92.70 per share, up 36 percent from the $68 share price of its initial public offering. The Chinese e-commerce giant raised $21.8 billion in its IPO, making it the biggest US public offering ever. Read More
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 it on track to raise at least $21.8 billion. Show More Summary
CNBC’s Bob Pisani just reported from the floor of the New York Stock Exchange that the order book for Alibaba Group Holding’s (BABA) IPO is indicated to possibly open in a range of $80 to $83, well above the $68 price set last night. The market makers at NYSE tells Pisani the initial order volume [...]
NEW YORK (AP) — Major market indexes are heading higher Friday as the Chinese e-commerce company Alibaba prepares its stock-market debut. The Standard & Poor's 500 index pushed above the record level reached the day before.
Eight Alibaba customers got to ring the opening bell at the New York Stock Exchange on the company's huge stock market debut – but 40 minutes later, the exchange had yet to report Alibaba results.
As Alibaba Group Holding (BABA) waits to open its first day of trading on the New York Stock Exchange, founder Jack Ma sat down with CNBC’s Jim Cramer and David Faber and Carl Quintanilla. He showed them a commemorative t-shirt the company made for the occasion, with the slogan “Everyone should have a dream” on the front, and “What [...]