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Jack Ma's interviews during Alibaba's IPO at NYSE
Alibaba has been listed on NYSE on 19 September. It becomes the largest IPO ever in the history of US stock exchange, larger than Facebook then the largest one. And after the trading closed on Friday, its share price closed at $93.89 per share, this makes it the second largest Internet company in the world following Google.Jack Ma, the founder of Alibaba, also becomes the richest person in China with a total wealth of $18.1 billion. He accepted interviews from different media during the IPO. Let's see what he has said post the IPO of Alibaba.The first one is from Fox Business, Jack Ma shared h...
Alibaba IPO Live
Alibaba is going to launch its IPO at NYSE on 19th September. This will be the largest IPO in the history of US stock exchange. The opening price of Alibaba share will be $68 and its trade code is "BABA", in Chinese it means father.Alibaba is expected to get around $22 billion investment in its IPO. Want to witness this historic moment? Please join us for the live video from NYSE.Note this live stream is broadcasted with Chinese. We don't find the English source yet. We believe something is better than nothing. Bear with us.For the LIVE blog, you can go to The New York Times.Just like Alibaba ...
Will Weibo's IPO be a success?
The Chinese version of Twitter -- Weibo is going to launch its IPO today on NASDAQ. The stock code is "WB" and its target price per share is set to $17. The total funds it's going to raise is around $328.44 million. Weibo claims it's the first Chinese SNS media to be listed on NASDAQ. Goldman Sachs and Credit Suisse are the joint lead underwriter of the IPO. They have gained one option from Weibo for validity of 30 days to buy 2.52 million shares of ADS. One interesting thing is Goldman Sachs is also the lead underwriter of Twitter's IPO.This is the fifth year since Sina launched Weibo service...
Alibaba starts IPO procedure
According to Hong Kong East Daily, Alibaba has submitted its IPO application to Hong Kong Stock Exchange. This marks the beginning of Alibaba's IPO procedure. It's expected to be listed in October at the earliest. It's valued as between $80 billion and $100 billion. It may raise $20 billion this round. If Alibaba is listed successfully, this will be the highest fund raising company in HSE's history. There is news that Alibaba will spend $7 billion to buy back the shares owned by Yahoo.Yahoo recently released its Q2 earning report. From the data revealed by Yahoo, Alibaba's revenue is $1.38 bil...
Facebook to be listed on Nasdaq. Stock symbol "FB"
The social networking company Facebook has chosen publicly to be traded on the Nasdaq Stock Exchange under the ticker symbol "FB". It means that Facebook and Apple, Google and other tech giants ultimately did not choose the New York Stock Exchange. The news is from New York Times citing on an anonymous source.By choosing Nasdaq, Facebook has its own considerations. Compared to the market and electronic hall of the New York Stock Exchange, NASDAQ is an purely electronic market. While the former is considered more global, but it costs more than the Nasdaq.For Nasdaq, Facebook is not just an ordi...