After the opening of much hyped Alibaba Group Holding Ltd (NYSE:BABA) in the market, the shares quickly gained 38% to end at $93.89 on Friday. Softbank Corp (TYO:9984), the biggest shareholder of Alibaba, announced net gains of $4.6 billion after the initial offering. Masayoshi Son, CEO of Softbank Corp (TYO:9984), said that the company would…
Yahoo! Inc. (YHOO) Loses Half of its Core Business Value Post Alibaba Group Holding ltd (BABA) IPO
After more than anticipated success of Alibaba Group Holding Ltd (NYSE:BABA)’s IPO, Yahoo! Inc. (NASDAQ:YHOO) would certainly be happier with the higher valuation of its existing 16.3% stake in the e-commerce giant. However, Yahoo’s core business lost nearly half of its market valuation after the IPO. During the first day of trading, Alibaba witnessed a…
Alibaba Group Holding Ltd (BABA) Dwarfed Industry Leaders Including Facebook Inc (FB), The Walt Disney Company (DIS), and Comcast Corporation (CMCSA)
Alibaba Group Holding Ltd (NYSE:BABA) created a new benchmark in public offerings with first day trade at NYSE where the company marched right ahead of industry leaders in terms of current market capitalization including Facebook Inc (NASDAQ:FB), The Walt Disney Company (NYSE:DIS), and Comcast Corporation (NASDAQ:CMCSA). Alibaba Group Holding Ltd (NYSE:BABA) became the biggest IPO…
Alibaba Group Holding Ltd (BABA)’s Shares Soared 38% Amid Huge Market Demand
As per the expectations, Alibaba Group Holding Ltd (NYSE:BABA) received a cheerful welcome from the investors with 38% surge in its share prices to $93.89. IPO of the biggest online retailer of China lead to an exchange of 271 million shares on the first day. Jack Ma, Founder of Alibaba Group Holding Ltd (NYSE:BABA), founded…
Alibaba Group Holding Ltd (BABA) Majority Stocks Sold to U.S. Investors
Alibaba Group Holding Ltd (NYSE:BABA) is all set to start trading today at NYSE and U.S. Investors got the maximum shares, as per Wall Street Journal’s report. Alibaba has maintained its initial target price of $68 for the shares. At the current price, Alibaba Group Holding Ltd (NYSE:BABA) is valued at $168 billion which keeps…