New money making opportunities lie ahead. “This stock has a history of reporting, then selling off, and rallying again," Cramer said.» Read More
THE BIGGEST: Alibaba raised $21.8 billion in its debut, making it the biggest U.S.-listed IPO in history after the IPO of credit card processing company Visa in 2008. If Alibaba's investment banks were to exercise their option to sell an additional 48 million shares, it could make Alibaba's IPO the biggest in the world, beating out the $22 billion IPO of Agricultural Bank of China in 2010..
eBay fell$. 30 or. 6 percent, to $52.40. Groupon Inc. rose$. 08 or 1.2 percent, to $6.97. LinkedIn Corp. rose$. 67 or. 3 percent, to $211.17.
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.
NEW YORK, Sept 19- Alibaba Group Holding Ltd's record public offering of shares on Friday further spurred already elevated activity in Yahoo Inc's options, pushing volume on the U.S. Shares of Alibaba, in which Yahoo holds a big stake, surged 38 percent in their first day of trading on Friday, valuing the company at $231 billion by the close of trading.
NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Oracle Corp., down $1.75 to $39.80. Dresser-Rand Group Inc., up $6.88 to $79.91.
*Alibaba soars in debut, Yahoo falls. NEW YORK, Sept 19- U.S. stocks closed little changed on Friday after Alibaba's strong debut was offset by falling technology shares as Oracle and Yahoo stumbled, but the Dow managed to edge higher to set a record for a second straight session.
NEW YORK, Sept 19- Stock markets around the world closed flat on Friday as early gains failed to hold through the session, though the upward trend in equities continued and Alibaba soared in its historic U.S. trading debut. Alibaba Group, one of the biggest IPOs ever, ended up 38 percent at $93.89 on massive volume.
NEW YORK, Sept 19- The Dow and S&P 500 ended Friday's session with slight moves, while the Nasdaq closed lower after Alibaba's strong debut was offset by such falling technology shares as Oracle and Yahoo.
CNBC's Robert Frank reports Alibaba's Jack Ma plans to sell $1 billion or more worth of his shares in the company, and his total net worth is now $27 billion.
Barry James of James Advantage Funds, thinks investors should let the froth die in Alibaba before getting in; and Michael Crofton, Philadelphia Trust Company CEO,
Apple Inc. fell. 8 percent to $100.96 with 62,126,100 shares traded. ChinaNet Online Holdings Inc. rose 92.2 percent to $1.96 with 22,262,700 shares traded. Cisco Systems Inc. fell. 1 percent to $25.20 with 40,878,100 shares traded.
Is Alibaba a safe investment? Dennis C. Shea, U.S.-China Economic Chairman, explains the worst thing that could happen for investors in Alibaba given its VIE structure.
*Alibaba up 33 percent in trading debut on heavy volume. NEW YORK, Sept 19- Stock markets around the world were little changed on Friday, paring early advances though equities remained on track for a week of strong gains and Alibaba rallied in its trading debut. Separately, Alibaba Group jumped 33 percent to $90.42 in its debut as one of the biggest IPOs in history.
Some of Friday's midday movers:
Anne Stevenson-Yang, J Capital Research, has two problems with Alibaba: the size and its growth. Duncan Rolph, Miracle Mile Advisors, thinks these are valid concerns, but sees high growth potential for the company.
Alibaba's IPO puts the spotlight on other Chinese Internet players. CNBC's Dominic Chu reports how other Chinese Internet IPOs have performed.
Discussing Alibaba's hands on approach for its IPO, with Art Cashin of UBS; Kenny Polcari, O'Neil Securities; and Ilya Grozovsky, SPQR Capital senior research analyst.
Discussing investing in Chinese companies, and the outlook for Alibaba, with Ilya Grozovsky, SPQR Capital senior research analyst.
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.
Jeff Papp, Oberweis Asset Management, discusses Alibaba Jack Ma's comments at the NYSE on his company's IPO day regarding trust.