It’s Alibaba IPO day, and the crowds are already gathering outside the New York Stock Exchange for what will be the largest IPO ever in the U.S.
Founder Jack Ma made an appearance with Alibaba executives before heading inside for the big day.
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Say hello to the biggest IPO EVER in the United States!
Alibaba, the Chinese e-commerce giant, just filed to sell up to $21 billion in stock.
The company is expected to start trading on September 19th under ticker symbol “BABA,” but before that, it will be making a tour around the globe to woo investors.
"The original selfie" goes public:
Valued at around $3 billion , with stock priced at $24 per share, GoPro makes its Initial Public Offering at the Nasdaq today.
The handheld camera allows users to capture high-quality photos of themselves on the go, in almost any environment. Marketing itself as an active lifestyle brand, GoPro was the #1 selling camcorder in 2013.
"There are a lot more people in the world that want to capture themselves doing what they want- what they love to do, their passions, their interests- than there are people that want to capture other people," CEO and founder Nicholas Woodman said in an interview on CNBC’s Squawk Box this morning.
Will the momentum last? As the first consumer-electronic company to go public since 2011, the stock may see a surge of market momentum in the coming months. But new tech accessories from other companies may give GoPro a run for its money.
"[GoPro] is the engaging, immersive, oh-my-gosh-that-is-incredible selfie," Woodman said.
- Photo courtesy @kaylatausche
Shares of this social media IPO soared in its public debut today: http://cnb.cx/RtiTMb
Facebook, FB real time stock quotes, news, videos at CNBC.com
Was the Facebook Deal Overhyped?
With Facebook shares trading close to their $38 offer price and revelations that retail investors got a larger-than-expected slice of the $18.4 billion IPO, market watchers are questioning whether the social network’s debut was over-hyped — not just in the media, but in the investor community.
Finally! Trading Begins
How Do You Put a Price on Facebook?
Facebook doesn’t need the money. And investors say the price tag almost doesn’t matter. So how do you put a price on something that many say is priceless?
That’s the task today facing an elite few: Lead underwriter Morgan Stanley, co-underwriters JPMorgan and Goldman Sachs, select Facebook executives, and a pricing committee from the board of directors. In the span of just a few minutes around market close, they’ll finally come to a conclusion on what the world’s largest social network is worth.
Speculators have been gambling on that worth for years. Shares have traded on private markets since early 2008, and changed hands last at $43.50 a share in early April, at a valuation of $109 billion. By that measure, expectations set by Facebook’s underwriters, might appear conservative.
Facebook is celebrating its IPO with a “Hackathon” tonight! Check out the poster that they created for the occassion!