Sep 19, 2014 5:50 PM
Alibaba Shares Surge On First Day Of Trading
The offering price for a share of the company was set at $68.
NPR's Zoe Chace, who is following the story, tells our Newscast unit:
"The nearly $93-a-share initial trading price shows that demand is really high for a piece of this company. It's that pop that brand-new public companies want. Makes the deal sexy, and more people want to get in on it. Why is it doing well so far? Alibaba is growing quickly.