Alibaba opens trading at USD92.70 per share @36% premium
Shares of Alibaba soared 38 percent on their Friday trading debut, the biggest first-day jump for an IPO of at least $10 billion, data compiled by Bloomberg show. Its dominance of a booming e-commerce industry in the country of 1.36 billion people attracted interest from money managers including Fidelity Investments, BlackRock Inc. and T. Rowe Price Group Inc., who each asked for at least $1 billion of shares, people familiar with the matter said last week. (Source: Bloomberg)
Is 19th September 2014 a good date for IPO debut??
4 Pillars of the day: Gui Si Day, Gui You Month and Jia Wu Year, Ding Si Hour (9am trading time)
Date selection is very important to ensure success. “Like” my Facebook page to discover why it is a good day for IPO debut.
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