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Tuff-Stuff

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Tuff-Stuff

Re: sdh post# 51846

Monday, 09/22/2014 6:20:30 AM

Monday, September 22, 2014 6:20:30 AM

Post# of 52306
Alibaba's (NYSE:BABA) IPO has now become the world's largest-ever at $25B, after bankers issued additional shares to raise the deal size by 15% on strong demand, Bloomberg reports.
The underwriters exercised a so-called greenshoe option to sell an additional 48M ADSs, which was widely expected should the shares perform well in the public market.
Shares of Alibaba soared 38% on their Friday debut, the biggest first-day jump for an IPO of at least $10B.




(I think, you and the friend, have become quite the trading twosome!) Seems to be working...

Pray for A Pain Free Day!

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