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It's official; BABA is a thing. Alibaba (BABA) shares priced at $68, the top of its range, Thursday afternoon, making the Chinese Internet company's IPO the biggest in U.S. history. Shares will start trading on the NYSE Friday morning.
Alibaba raised $21.8 billion dollars through the offering, valuing the company at just under $168 billion. That valuation puts Alibaba in between Amazon (AMZN; $150 billion market cap) and Facebook (FB; $200 billion).
Update: Alibaba shares are indicated to open at $86-$88.
Alibaba raised $21.8 billion dollars through the offering, valuing the company at just under $168 billion. That valuation puts Alibaba in between Amazon (AMZN; $150 billion market cap) and Facebook (FB; $200 billion).
Update: Alibaba shares are indicated to open at $86-$88.
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