Alibaba Ipo: Stock Surges 38% In Market Debut

Alibaba Holding Group's initial public offering was a monster success, roaring out of the gate Friday at a 38% premium to its offer price, sucking $21.8 billion into the Chinese online powerhouse's coffers.

Topics:  alibaba holding group   chinese   
BING NEWS:
  • Rubrik’s stock pops in IPO debut as CEO sees big opportunity in data protection
    Shares of Rubrik RBRK, +16.00% opened at $38.60, 21% above their initial-public-offering price of $32. The first trade was executed at 12:47 p.m. Eastern time for 2.7 million shares. The cybersecurity ...
    04/25/2024 - 8:37 am | View Link
  • IPO Rebound Creates $5.8 Billion in Wealth From Nursing to Tech
    Founders are taking advantage of strong equity markets to raise cash, accruing at least $5.8 billion in wealth so far this year, according to the Bloomberg Billionaires Index.
    04/25/2024 - 2:48 am | View Link
  • Rubrik prices IPO at $32 per share, above expected range
    Rubrik, a data management software company backed by Microsoft, priced its IPO at $32 a share, according to a person familiar with the matter. That's above its expected range.
    04/24/2024 - 10:36 am | View Link
  • China’s SenseTime Surges 36% After Unveiling a New AI Model
    SenseTime Group Inc.’s stock soared its most in more than two years after releasing the latest version of its SenseNova generative AI model, highlighting the intense interest surrounding China’s ...
    04/23/2024 - 4:27 pm | View Link
  • U.S. IPO Weekly Recap: 2 Sizable Deals Price Up And Trade Up, While Broader IPO Market Slides
    Five IPOs raised $858m this past week, led by Ibotta & Centuri Holdings. Street research is expected for 3 companies in the week ahead, and lock-up periods will be expiring for 3 companies.
    04/19/2024 - 7:20 pm | View Link
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