Scalper1 News
With an estimated $8 billion in net proceeds coming from its IPO this week, Alibaba will have loads of cash for its U.S. expansion. Alibaba Group (BABA) founder Jack Ma made clear his plans to build a global company when he spoke to reporters before an investor’s luncheon on Monday, ahead of the company’s initial public offering. Alibaba stock is expected to price late Thursday and start trading Friday, and it could be the largest U.S. IPO ever. Scalper1 News
Scalper1 News