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Posts Tagged ‘Alibaba Group Holding Inc’

In his long road to riches, Alibaba founder Jack Ma says his inspiration has been the film character Forrest Gump.

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By Liana B. Baker, Jessica Toonkel and Deepa Seetharaman (Reuters) – Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut. At that price, the IPO, one of […]

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NEW YORK (AP) — Chinese e-commerce powerhouse Alibaba will say open sesame to the New York Stock Exchange on Friday, as its shares begin trading in a highly anticipated debut that could raise up to $25 billion.

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