Citizens Financial's IPO has been priced at $21.50 per share, making it the second biggest in the U.S. this year after Alibaba. Marty Mosby, Director of Bank & Equity Strategies at Vining Sparks, discusses.» Read More
HONG KONG, Sept 22- Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares.
HONG KONG, Sept 22- Alibaba Group Holding Ltd and some of its shareholders have sold an additional 48 million shares, a source with direct knowledge of the deal said on Monday, making its IPO the biggest-ever globally at a value of $25.03 billion.
NEW YORK— Alibaba debuted as a publicly traded company Friday and swiftly climbed nearly 40 percent in a mammoth IPO that offered eager investors seemingly unlimited growth potential and a way to tap into the burgeoning Chinese middle class.
The IPO, which vaulted Alibaba founder Jack Ma into the ranks of tech billionaires like Bill Gates and Jeff Bezos, sets the stage for the Chinese e-commerce juggernaut to expand in the United States, Europe and Asia. Alibaba's closed price of $93.98 gave the company a market cap of $231 billion.
NEW YORK, Sept 19- Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class.
More than 127 million shares were traded within the first 15 minutes of Alibaba's market debut, launching a whirlwind day for the Chinese firm.
Sept 19- Online home-furnishings retailer Wayfair Inc's initial public offering is expected to be priced at $25- $28 per share, valuing the company at $2.32 billion at the top end of the range. It counts funds affiliated with Great Hill Partners, Battery Ventures and HarbourVest Partners among its stockholders.
NEW YORK, Sept 19- Alibaba Group Holding Ltd's shares surged in their first day of trading on Friday as investors jumped at the chance to get in on what looks likely to be the largest IPO in history and profit from China's growing middle class.
NEW YORK, Sept 19- Alibaba Group Holding Ltd's shares surged by more than 40 percent in their first day of trading on Friday as investors jumped in to buy what looks likely to be the largest IPO in history.
Sept 19- Retail investors were rushing to place orders for shares in the initial public offering Alibaba Group Holding Ltd, which is likely to be the largest in history.
Alibaba expected to rise in trading debut on heavy interest. NEW YORK- Alibaba Group Holding Ltd's shares surge 41 percent to $96.02 on their first day of trading as many investors who received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history. Wall St rises as Scots stay in UK, Alibaba debuts.
Alibaba shares traded as high as $99.70 in its market debut, a gain of nearly 50% above its IPO price, before paring gains.
Alibaba has opened at $92.70 after pricing its IPO at $68. NYSE head of global listings Scott Cutler analyzes the rapid opening trades, with CNBC's Bob Pisani.
CNBC's Bob Pisani reports Alibaba has opened at $92.70 after pricing its IPO at $68.
NEW YORK, Sept 19- 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.
The Alibaba IPO is a big story but here's who is really going public today, says Michael Zakkour.
Sept 19- TD Ameritrade has seen the number of investor orders for shares of Alibaba Group Holding hit 70 percent of the number of orders that came in during premarket trading at the Facebook initial public offering.
CNBC's Kayla Tausche reports the latest numbers on Alibaba's allocations.
NEW YORK— With Wall Street focused on the debut of Alibaba Group, the stock market drifted into the weekend and major indexes ended little changed. Alibaba gained $25.89 to end at $93.89. Alibaba lined up its initial public offering of stock at $68 a share the day before, raising $21.8 billion from investors.
NEW YORK, Sept 19- Stock markets around the world rose on Friday after Scotland voted to remain in the United Kingdom and removed an element of uncertainty for equity markets, which were on track for a week of strong gains. Investors were also eagerly awaiting the initial public offering of Alibaba Group, slated to debut on the New York Stock Exchange on Friday.