Alibaba’s initial public offering was the biggest ever worldwide at $25.03 billion. Their shares rose 38% from $68 to $99.89 in its debut in New York on Friday.
This indicates that Alibaba is going to be a very successful company in the United States and other IPOs this year will probably also go well.
Traders who invested in the Alibaba share on Friday made a lot of money and the share might still rise. It may be a good idea to invest in it even now.
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