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Alibaba Expected To Jump More Than 25 Percent In Trading Debut

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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Alibaba employees applaud as the opening bell of the New York Stock Exchange is rung, before the initial public offering (IPO) of Alibaba Group Holding Ltd under the ticker "BABA" in New YorkBy Liana B. Baker, Jessica Toonkel and Ryan Vlastelica NEW YORK (Reuters) - Alibaba Group Holding Ltd's shares are expected to surge in their first day of trading on Friday as many investors that received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history. Floor traders at the New York Stock Exchange were getting set for the stock to begin trading. Indications were for the stock to begin trading between $87 and $89 a share, more than 25 percent increase from its $68 initial public offering price. The $68 pricing on Thursday initially raised $21. ...




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