Overview Alibaba.com is a Chinese e-commerce business launched in 1999 by entrepreneur Jack Ma. He is the current Chairman and Joe Tsai is the Vice-Chairman. The business has grown phenomenally, so much so that now it is the largest e-commerce business across the globe.
Today, September 19th 2014, is D-day for its IPO listing on one of the world's most famous & reputed stock exchanges, namely the New York Stock Exchange. There are plenty of people and companies who hold shares in Alibaba eagerly waiting to sell of their depository shares. There is even a greater number equally eager to buy those shares. Guess how much the company hopes to raise through this IP? $21.1 billion!!
Investors in India, too, are awaiting the IPO launch. Naturally, only high networth individuals (HNI) with big bucks will be able to afford to buy the shares!
Alibaba IPO highlights and Investment Guidelines
Alert: What you should look out for Merely because Alibaba.com is having great success is not a reason to invest in its IPO right away. You need to consider a few aspects.
What you should know:
Alibaba IPO NYSE real time ticker updates It is easy to know the launch IPO stock price of Alibaba and watch how it fares at the NYSE. You can catch the updates on the trading floor at: http://www.google.com/finance?q=NYSE+Alibaba&ei=BTYcVODoJoSTlAW6xICADQ
The widget for NYSE updates is also available on your smart phone via the mobile alert service provided by Google.
A few hours from now, the bell will resound on the launch of the Alibaba IPO at NYSE. The likely starting price: $68. If you had Aladdin's magic lamp, perhaps you would have been able to summon the Genie to get a few coveted shares?!
[Note: the author of this article is not endorsing the IPO in any way, but just giving general information. Readers are advised to consult professional investment experts and invest at their own risk]
Vandana is based in India with over 15 years experience as a freelance writer. Writing, no doubt, is her primary passion! Having learned the art of blogging from ISC, Vandana is enjoying the thrills of blogging, taking pleasure in sharing information & getting good pageviews at her various blogs.
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