Tag Archives: baba

Besides Alibaba, 5 IBD 50s That Made An IPO Splash

Alibaba Group (BABA) may have hogged the spotlight this week, but is this stock’s popularity and success sustainable? Take a trip down memory lane with this week’s IBD 50: Here are four top stocks that made an opening splash and sailed on to success. When Chipotle Mexican Grill (CMG) went public in January 2006, the stock doubled to 44 from an initial 22 price mark on its first day. The much-hyped burrito chain closed at 664.09 Friday as it makes

Alibaba Group IPO Soars In Debut — What’s Next?

Investors clamored for Alibaba Group on Friday, sending its stock up 38% in heavy volume on its first day of trading following its record-setting IPO. The stock opened at 92.70, far above its offering price of 68. After rising to 99.70 and falling to 89.95, Alibaba (BABA) closed at 93.89. It ended the day as one of the world’s most valuable tech companies, with a $231 billion market capitalization. If Alibaba were in the S&P 500,

Alibaba IPO Proceeds Lifts U.S. Total To 10-Year High

The $21.8 billion in proceeds raised by the Alibaba Group (BABA) IPO lifted the total for all U.S. IPOs this year to $62.4 billion, the highest level in at least 10 years. The amount of money raised is 108% above the year-to-date level from last year, according to Renaissance Capital. Alibaba set a U.S. IPO record with the $21.8 billion it raised by selling 320.1 million shares. It jumped above the $19.7 billion offering of Visa (V) in 2008, the