Alibaba (BABA), the largest e-commerce company has finalized their IPO price at $68. The first day of trading BABA in the secondary stock market is Friday, September 19. Alibaba will also be the biggest IPO in US, raising $21.8 billion. The company is a mix of Amazon and Ebay and is largely profitable. For more information, check out this page to learn more about Alibaba.
I will try to pick up some shares in the stock market tomorrow if the price does not soar too high. What do you think of the Alibaba stock? Will you buy it? Let me know your thoughts below.