Chinese e-commerce giant Alibaba will debut this morning on the New York Stock Exchange as the biggest public offering of all time. The company founded by Jack Ma in 1999, will raise as much as $22 billion.
The historic IPO was set to price at $68 a share, but quickly shot to over $92/share! The company will have a market capitalization of $168 billion. Alibaba will be listed under the ticker ‘BABA’. [Read more...]