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China's e-commerce giant Alibaba debuts at NYSE

  •   Fri, Sep 19 2014 08:22:28 PM

New York, Sep 19 (IANS): China's e-commerce giant Alibaba Group Friday morning rang the opening bell at the New York Stock Exchange (NYSE), marking its initial public offering (IPO) on Wall Street.

Alibaba set its IPO price at $68 per American Depositary Share Thursday evening, raising $21.8 billion, Xinhua reported. The IPO is believed to be the biggest in US history.

President of the NYSE Group, Thomas Farley said it could take two or three hours to balance the opening price of the Alibaba shares. The market had widely expected it to be higher than the IPO price.
  

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Title: China's e-commerce giant Alibaba debuts at NYSE



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