Price Discovery Underway with Trades moving toward $100 but now selling off to $93 up 36%.
zyprexa buy uk Alibaba (BABA) group may be sucking up a lot of cash from NASDAQ trades even with a option expiration. Money keeps flowing in as NYSE tries to balance liquidity with largest IPO in history.
Will Alibaba use cash to buy US tech companies, a real game changer? Market cap of BABA is $228B.
90% of Alibaba’s business is in China so huge potential in U.S. and ROW.
Other notable trades:
FXI iShares China Large Cap ETF down 1.35% at $39.74.
YHOO is down 1 to $41 despite holding about 41M shares of BABA. Yahoo will have a massive amount of capital after Alibaba IPO.
AMZN up 1.56% to $330, AAPL slightly down to $101.58, FB holding at $77.
buy provigil reddit Biotechs in the red XBI down 2% at $156.78, IBB down 0.5%. Rayno large cap biotechs led by Amgen (AMGN) , Biogen Idec (BIIB) and Vertex (VRTX). Medivation (MDVN) soars again to $102 as expected last week.
Overall a very smooth IPO by the NYSE with good liquidity compared to Facebook (FB) IPO.