Alibaba could stir up the market as traders deal with options expirations and potential volatility around Scotland's independence vote.» Read More
*Sterling gains as poll suggests Scotland voted to stay in UK. TOKYO, Sept 19- Asian shares edged higher on Friday, cheered by news of an eye-popping initial public offering by Chinese e-commerce giant Alibaba Group, while sterling rebounded after a survey published showed support for Scotland to remain in the United Kingdom.
NEW YORK— Alibaba, the Chinese e-commerce powerhouse named after a fabled, poor woodsman who discovers a thieves' den full of treasures, is ready to strike it rich on the New York Stock Exchange. That's bigger than the current market value of Amazon, Cisco, and eBay.
NEW YORK, Sept 18- Alibaba Group Holding Ltd's shares do not begin trading until Friday, so investors hungry for a bite of the Chinese e-commerce giant have turned their attention to Yahoo Inc's options in recent days. The volume of options trading in Yahoo- which has a big stake in Alibaba- has risen steadily over the last month.
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Sept 18- Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday. "I'd put them in a class of Facebook and Google with the scale they have, growth prospects and profitability," said Scot Wingo, CEO of e-commerce software provider ChannelAdvisor.
ALIBABA IPO PRICES AT $68 A SHARE, TOP OF RANGE, RAISES $21.8 BLN- DOW JONES, CITING SOURCE.
Sept 18- Major institutional investors such as BlackRock will likely receive the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
Sept 18- Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
NEW YORK, Sept 18- When Alibaba Group Holding Ltd begins trading on Friday the shares may not be able to avoid the kind of volatility typically seen in trading of eagerly anticipated IPOs, even as the bulk of the shares sold are expected to reside with 25 to 50 behemoth institutions.
Alibaba, which handles more transactions than Amazon.com Inc and eBay Inc combined, is expected to price within the $66 to $68 per American depository share range, according to CNBC and an investor source.
NEW YORK, Sept 18- If history is any guide, investors who miss out on getting a slice of Alibaba's massive initial public offering may want to think twice about jumping into the stock once it hits the New York Stock Exchange.
Sept 18- Chinese e-commerce giant Alibaba Group Holding Ltd's initial public offering is expected to be priced within the existing range of $66 to $68 per share, CNBC reported, citing sources familiar with the situation. Advisers have recommended a price of $68 per share, but Alibaba will choose the final price after a board meeting on Thursday, the report said.
Discussing Yahoo's potential move after Alibaba becomes public, and what it could do with the cash it earns, with Quartz reporter John McDuling.
ProQR's offering of 7.5 million shares priced at $13 per share. It had expected to sell 6.3 million shares for between $11 and $13 per share. The stock climbed $4.17, or 32 percent, to $17.17 in midday trading.
According to sources, underwriters of Alibaba could stand to reap some $220 million in fees from the deal if it prices within the current range, reports CNBC's Kayla Tausche.
UNDERWRITERS FOR ALIBABA GROUP IPO EXPECT TO ALLOCATE BULK OF SHARES TO 25-50 LARGE INSTITUTIONS-SOURCES.
The biggest question on trading desks all around the world remains: is Alibaba a buy? Take a listen to what a few pros had to say...
GGV Capital backed Alibaba in 2003. Hany Nada, GGV Capital managing partner, talks about Alibaba's potential for growth.
Sept 18- Thirty-five underwriters are working to ensure that Alibaba Group Holding Ltd's initial public offering lives up to its blockbuster expectations when the stock starts trading on Friday. Morgan Stanley& Co International Plc. China International Capital Corp Hong Kong Securities Ltd.