Chinese E-Commerce Giant Alibaba’s share reached highest ever and biggest ever gain at the New York Stock Exchange on Thursday as it’s per share priced at $68.
And with this world’s second largest online retailer made into the 40 biggest public companies globally with potential raise of $21.8 billion.
Alibaba’s IPO result was most probably one of the largest-ever and its market valuation could reach to $167.6 billion. The result will also push Alibaba for launching a fierce competition against US e-com giants like Amazon and eBay.
Tags: Alibaba Alibaba share