China's Alibaba makes a Smashing Debut: Market Cap at $220B crossing Facebook

[vgane]

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[h=1]Alibaba makes a Smashing Debut: Trading at $92.70, Market Cap at $220B crossing Facebook[/h] September 19, 2014 Kishore Ganesh


Alibaba, the Chinese E-Commerce Giant recently started trading at the New York Stock Exchange. Compared to Alibaba, Amazon and Ebay are much smaller in terms of revenue and sales. This is why, Alibaba’s performance in the Stock Exchange has been greatly anticipated.


Alibaba started trading at a price of $92.70 under the stock ticker “BABA”, which is 36% higher than the $68 fetched by the IPO. Alibaba now has a market Cap of $228.5 billion , which is higher than even Facebook. Currently, Alibaba is behind only the big three: Google, Apple and Microsoft.


Alibaba’s IPO was extremely successful, and raised $21.8 Billion, which makes it by far the most successful IPO for a Technology Company.


Alibaba is the leading E-Commerce Company in China, and in terms of sales numbers and revenue, it has already surpassed Amazon.

Alibaba makes a Smashing Debut: Trading at $92.70, Market Cap at $220B crossing Facebook | Tech Geek Forever

 

[krish44]

todays mint carried article whether india can produce Alibabas

the candidates coming to mind were flipkart and snapdeal

if they can become market place for others besides perfect their payment modes without violating govt laws on ban of foreign trade in retail and reserve bank directives

for controls on online payments they might have a chance . it is felt these companies are already overvalued to make a splash abroad

 

[vgane]

The Indian market will go places in the online space...There is still lot of space for Companies with innovative ideas...The market is growing in leaps and bounds..ECommerce is the way forward..You can make a fast buck here, if you are ready to take the plunge