Around the Net
Alibaba Completes Largest Tech IPO Ever
- The Daily Telegraph, Friday, September 19, 2014 6:55 AM
Alibaba, the Chinese e-commerce giant, went public with a valuation of $170bn (£103bn) on Thursday, making history as the biggest technology flotation the world has ever seen. The company priced its shares as $68, following two weeks of intense meetings with investors in New York, Boston, Hong Kong, Singapore and London. The shares are due to start trading on the New York Stock Exchange on Friday, under the ticker “BABA”. The IPO ranks as the largest share sale in American history.
