Alibaba has captured
the attention of American investors, politicians and consumers to an
extent that’s unusual for a company that does much of its business in
China.
The company’s shares priced at $68 on Thursday, making it one of the biggest initial public offerings in history. Apart from making its insiders rich and providing fees to Wall Street, the initial public offering reflects the rise of China’s consumer class. Investors see it as perhaps the best chance yet to buy into the country’s growth. The American-based technology giant Yahoo owns a significant stake in Alibaba, helping bolster its own stock price.
As the company begins
trading on the New York Stock Exchange this morning, DealBook is taking a
look at some of its past milestones, tracking its stock performance and
offering analysis on how Wall Street is viewing this behemoth:
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