Alibaba Group Holding Ltd IPO Live Coverage
UPDATE at 4:10 p.m. EDT: Alibaba Shares Close at $93.89 on First Day of Trading
UPDATE at 2:26 p.m. EDT: Alibaba Group Holding Ltd's Jack Ma 'Interested' In Amazon.com, Inc. Joint Venture
UPDATE at 1:19 p.m. EDT: Shares of Alibaba Holding Very Tight to $90 Level Right Now, Bouncing Back and Forth in $0.03 Range Between $90 and $90.03
UPDATE at 12:33 p.m. EDT: Yahoo! Under $40.00
UPDATE at 12:32 p.m. EDT: Alibaba Breaches $91.00
UPDATE at 12:16 p.m. EDT: US-Listed China-Based Internet Stocks Selling Off: Baidu -1.3%, Weibo -2.4%, SINA -0.5%, JD -1.8%, Renren -1.2%, Yoku -1.3%, Sohu -0.9%, Qihoo -1.6%
UPDATE at 12:08 p.m. EDT: Yahoo! Shares Plunge Over Last Couple Mins, Fall 2.3%, Down ~1.75% from Thursday's Close
UPDATE at 12:02 p.m. EDT: Alibaba Shares Pulling Off Highs, Now Down More Than $5 from High at $99.70, Last Traded at $93.99
UPDATE at 12:01 p.m. EDT: Alibaba Has Now Traded 100M Shares
UPDATE at 12:00 p.m. EDT: Alibaba Composite Share Volume Hit 55.28M Shares During the First Minute of Trade (via Reuters)
UPDATE at 11:56 a.m. EDT: Alibaba Shares Continuing to Make New Highs, Now Around $98
UPDATE at 11:53 a.m. EDT: Alibaba IPO opens at $92.70, moving higher now at $95/share
UPDATE at 11:50 a.m. EDT: Alibaba IPO Indicated $92.60-$93/Share
UPDATE at 11:46 a.m. EDT: NYSE Floor Trader Indicating Alibaba $93 at 42M Shares, Says Getting Close to Open
UPDATE at 11:36 a.m. EDT: NYSE Floor Trader Saying Alibaba Indicated at $93 on 43M Shares, $93 for 1.5M Shares On Balance
Alibaba Group Holding Ltd's (NYSE: BABA) is scheduled to open for trading late Friday morning.
Alibaba Group was offering 320,106,100 shares at an initial price of $68 per share. The range for Alibaba shares increased throughout the morning from $68 per share to the current suggested open price of $92 to $93 per share.
If Alibaba opens at $90 per share, its valuation would be over $220 billion.
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