By Herbert Lash NEW YORK (Reuters) – The New York Stock Exchange tested its trading systems over the summer to make sure Alibaba Group Holding Ltd’s market debut on Friday goes without a hitch, after the Chinese e-commerce company’s initial public offering raised $21.8 billion. Alibaba chose the NYSE over rival exchange operator Nasdaq OMX […]
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 […]
Alibaba, the Chinese e-commerce powerhouse , is ready to strike it rich on the New York Stock Exchange. The company priced its initial public offering of stock at $68 per share today, the top end of the expected range, setting the stage for what is expected to be the biggest ever…
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