Quantcast
logo

Alibaba valued at over $230bn after New York Stock Exchange debut

  • Alibaba made a remarkable debut on the New York Stock Exchange, ending the day valued at more than $230 billion.

    Shares of the Chinese e-commerce giant that were initially priced at $68 touched a high of $100 and settled at $93.89 by the day-end, making it the biggest ever sale of shares in the United States.

    Alibaba founder Jack Ma, now without doubt the richest man in China, said his dream was that 15 years down the line the firm should be remembered as one that “changed, shaped the world”.

     

    Tagged as: Alibaba, New York Stock Exchange, Chinese, e-commerce, Jack Ma, shares, business news