0

September 19, 2014 AT 8:20 am

Alibaba – largest U.S.-listed initial public offering (IPO) of all time

140918184715-Alibaba-Ipo-2-620Xa

It’s official! Alibaba is the new IPO king after pricing at $68 – Sep. 18, 2014.

Alibaba, the Chinese e-commerce giant, secured its place in history Thursday as the largest U.S.-listed initial public offering (IPO) of all time.
The stock priced at $68 per share. That’s at the top of the expected range, signaling strong demand.

Only large investors like hedge funds are typically able buy at this IPO price. Alibaba’s shares will begin trading Friday under the ticker symbol “BABA” on the New York Stock Exchange. At that point, anyone can buy the stock.

The IPO deal raised $21.8 billion, the largest ever for a company listed on an American exchange. In any deal like this, the investment banks that help make it happen have the option to purchase additional shares. If you include all of those shares, the IPO would raise $25 billion — a world record.

More of our coverage here.


Check out all the Circuit Playground Episodes! Our new kid’s show and subscribe!

Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.

Join us every Wednesday night at 8pm ET for Ask an Engineer!

Learn resistor values with Mho’s Resistance or get the best electronics calculator for engineers “Circuit Playground”Adafruit’s Apps!


Maker Business — Undercover in an iPhone Factory (video)

Wearables — Go with silicone

Electronics — Shift away from basic arithmetic

Biohacking — Bunnies Book “The Hardware Hacker” Applies to Biohackers

Get the only spam-free daily newsletter about wearables, running a "maker business", electronic tips and more! Subscribe at AdafruitDaily.com !



1 Comment

  1. It’s not surprising. Alibaba and Aliexpress are the go to sources for many of my tech projects. I’ve even started looking from random nick nacks that aren’t available locally. Who know, maybe that’s where I’ll do all my holiday gift shopping.

Sorry, the comment form is closed at this time.