SAY WHAT?: When Chinese e-commerce giant Alibaba Group Holding revealed plans earlier this year to go public on a US stock exchange, financial advisers like Bob Mecca in Hoffman Estate, Illinois braced themselves for a wave of frantic calls from retail investors wanting to get in on the action. — Reuters
When Chinese e-commerce giant Alibaba Group Holding revealed plans earlier this year to go public on a US stock exchange, financial advisers like Bob Mecca in Hoffman Estate, Illinois braced themselves for a wave of frantic calls from retail investors wanting to get in on the action.
Alibaba, which sells more than Amazon.com Inc and eBay Inc combined, could raise over US$21bil (RM66.67bil) in its IPO. It is often described as technology's hottest initial public offering since Facebook Inc’s 2012 debut, although initial pricing announced on Friday was less than many predicted.
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