Exchange Database

Alibaba has big day on the NY Stock Exchange

Chinese e-commerce giant Alibaba Group Holding Ltd made history with its record-breaking initial public offering (IPO) at the New York Stock Exchange on Sept 19, opening at $92.70, nearly 40 percent higher than its initial price of $68, and passed Facebook Inc in market value on the first day of trading. Alibaba's IPO has opened a new chapter for the Chinese company and has created bigger responsibility for the 15-year-old company, said Jack Ma, co-founder and executive chairman of Alibaba.
Outcomes: 
Alibaba is now valued at $231.4 billion, larger than Amazon.com Inc and EBay Inc combined, and more valuable than all but 10 companies in the Standard & Poor's 500 Index, according to Bloomberg News.
Contact Info: 
Alibaba Group Holding Ltd
Source: 

http://usa.chinadaily.com.cn/epaper/2014-09/22/content_18639205.htm

Government?: 
No
Type of Exchange: 
business
Partners: 
Alibaba Group Holding Ltd
New York Stock Exchange
Exchange Date: 
Friday, September 19, 2014
Continuing: 
No
Image: 
Location: 
New York City, NY
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