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Alibaba shares surge on NY debut
2014-09-19 18:27:54| BBC News | Business | UK Edition
Alibaba's shares open significantly above their initial price on the New York Stock Exchange on Friday, a sign of the excitement surrounding the Chinese internet giant.
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VIDEO: Alibaba shares begin trading in NY
2014-09-19 17:15:51| BBC News | Business | UK Edition
Shares in Alibaba, the Chinese online retailer, have begun trading on the New York Stock Exchange.
'Fast Money' Recap: A Busy Day for Oracle, Yahoo! and Alibaba
2014-09-19 13:20:29| IT Services - Topix.net
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Alibaba IPO priced at top of range, raises over USD 21 bln
2014-09-19 09:28:00| Telecompaper Headlines
(Telecompaper) Alibaba Group has priced its initial public offering at USD 68 per share, at the top end of the USD 66-68 range it gave, the Financial Times reported. The pricing translates to proceeds of USD 21.8 billion, making its New York Stock Exchange listing one of the world's largest and breaking the record for a technology IPO. With the over-allotment option, the group could raise up to USD 25 billion, and pass the largest listing ever, currently held by the Agricultural Bank of China which raised USD 22 billion in 2010. Alibaba's two-week roadshow went from Hong Kong and Singapore to London, New York, San Francisco and Boston. People familiar with the discussions said the company had been keenly focused on how the stock would trade, even if it meant leaving some money on the table. The price gives Alibaba a market capitalisation of USD 168 billion.
Alibaba IPO: What to expect as Chinese giant goes public in New York
2014-09-19 04:41:32| Automakers - Topix.net
The final price will be set tonight, but if the top of the $66-to-$68-a-share range is reached, the float of the e-commerce giant headed by Jack Ma will raise more than $25 billion , putting it ahead of the $22.1 billion record currently held by the Agricultural Bank of China. There's no doubt Wall Street is excited.
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