Alibaba Group Holding Ltd IPO Live Coverage

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 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsIPOsAlibabaAlibaba Group
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!