Connect with us

Hi, what are you looking for?

Jewish Business News


Alibaba Pops 38% in Public Trading Debut

Yahoo Takes 40 Percent Stake in China's Alibaba

Chinese e-commerce company Alibaba made its stock market debut on Friday in what turned out to be the largest initial public offering of all times. Having initially planned to raise $21.8 billion at a price of $68 per share, Alibaba’s underwriters decided to exercise an option to sell additional shares pushing the total IPO value to $25 billion.

After opening at $92.7 on Friday, Alibaba’s share price quickly rose to almost $100 before coming back down and closing at $93.89, which represents a 38% increase from its IPO price. Compared to other high-profile internet IPOs, Alibaba’s first day pop was big but not huge. Most recently,  Twitter’s shares had soared 72.7% on the company’s first trading day last November. Facebook’s shares on the other hand had hardly moved beyond the IPO price when the company went public in 2012. 

However, it needs to be remembered that a big first-day pop is not necessarily an indicator for a successful IPO. While it does create positive headlines, a big pop can also mean that the IPO was not accurately priced and that the issuing company could have raised more capital. Alibaba’s underwriters appear to have found the right balance here. The company’s share price climbed high enough to create positive headlines without leaving too much money on the table.


Infographic: Alibaba Pops 38% in Public Trading Debut | Statista

You will find more statistics at Statista




Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

cialis cialis satış