Founder and Executive Chairman of Alibaba Group Jack Ma (L) attends the company's initial price offering (IPO) at the New York Stock Exchange on September 19, 2014 in New York City. ; Credit: Andrew Burton/Getty Images

Alibaba's stock is surging as the Chinese e-commerce powerhouse begins its first day trading as a public company.

The stock opened at $92.70 and nearly hit $100 on the New York Stock Exchange Friday, a gain of 46 percent from the initial $68 per share price set Thursday evening.

At Friday's opening price, the company is worth $228.5 billion, more than companies such as Amazon, Ebay and even Facebook.

Jubilant CEO Jack Ma stood on the NYSE trading floor Friday as eight Alibaba customers, including an American cherry farmer and a Chinese Olympian, rang the opening bell.

"We want to be bigger than Wal-Mart," Ma told CNBC shortly after the opening Bell. "We hope in 15 years people say this is a company like Microsoft, IBM, Wal-Mart, they changed, shaped the world."

On Thursday, Alibaba and the investment bankers arranging the initial public offering settled on a price of $68 per share. The company and its early investors raised $21.8 billion in the offering, which valued Alibaba at $168 billion in one of the world's biggest ever initial public offerings.

The company, which is trading under the symbol "BABA," has enjoyed a surge in U.S. popularity over the past two weeks as investors met with executives, including its colorful founder Jack Ma. As part of the so-called roadshow, would-be investors heard a sales pitch that centered on Alibaba's strong revenue growth and seemingly endless possibilities for expansion. Demand was so high that the company raised its offering price to $66 to $68 per share from $60 to $66 per share on Monday.

The main reason investors appear breathless about the 15-year old Alibaba: It offers an investment vehicle that taps into China's burgeoning middle-class.

Alibaba's Taobao, TMall and other platforms account for some 80 percent of Chinese online commerce. Most of Alibaba's 279 million active buyers visit the sites at least once a month on smartphones and other mobile devices, making the company attractive to investors as computing shifts away from laptop and desktop machines.

And the growth rate is not expected to mature anytime soon. Online spending by Chinese shoppers is forecast to triple from its 2011 size by 2015. Beyond that, Alibaba has said it plans to expand into emerging markets and eventually, Europe and the U.S.

"There are very few companies that are this big, grow this fast, and are this profitable," said Wedbush analyst Gil Luria.

Alibaba operates an online ecosystem that lets individuals and small businesses buy and sell. It doesn't directly sell anything, compete with its merchants, or hold inventory.

"The business model is really interesting. It's not just an eBay, it's not an Amazon, it's not a Paypal. It's all of that and much more," said Reena Aggarwal, a professor at Georgetown.

Like China's consumer and Internet market, Alibaba is still growing rapidly. The company's revenue in its latest quarter ending in June surged 46 percent from last year to $2.54 billion while its earnings climbed 60 percent to nearly $1.2 billion, after subtracting a one-time gain and certain other items.

In its last fiscal year ending March 31, Alibaba earned $3.7 billion, making it more profitable than eBay Inc. and Amazon.com Inc. combined. Amazon ended Thursday with a market value of about $150 billion while eBay's market value stood at $67 billion.

Alibaba, is based in Hangzhou in Eastern China, Ma's hometown. The company got started in 1999 when Ma and 17 friends developed a fledgling e-commerce company on the cusp of the Internet boom. Today, Alibaba's main platforms are its original business-to-business service Alibaba.com, consumer-to-consumer site Taobao and TMall, a place for brands to sell to consumers.

And while there's plenty of growth left in China, Ma has recently hinted about plans to expand beyond those borders.

"We hope to become a global company, so after we go public in the U.S., we will expand strongly in Europe and America," Ma said to a group of reporters in Kowloon on Monday.

Alibaba offered 320.1 million shares for a total offering size of $21.77 billion. Underwriters have a 30-day option to buy up to about 48 million more shares. That means the offering size could be as much as $25 billion

The IPO's fundraising handily eclipses the $16 billion Facebook raised in 2012, the most for a technology IPO. If all of its underwriters' options are exercised, it would also top the all-time IPO fundraising record of $22.1 billion set by the Agricultural Bank of China Ltd. in 2010.

Yahoo, which has been struggling to grow for years, made a windfall $8.28 billion by selling 121.7 million of is Alibaba shares. And founder Jack Ma sold 12.75 million shares worth $867 million.

Shares are mixed in Asia after a lackluster finish on Wall Street following a report showing an uptick in inflation in the U.S. last month.

Inflation accelerated slightly for the month of October, sparking concern the Fed could pause its interest rate-cutting cycle in January.

1. Swiggy share price above 25% from issue price, hits ₹1 lakh crore market cap. Do you own? | Stock Market News  Mint
2. Zomato CEO congratulates Swiggy on IPO debut: Couldn't have asked for ...  The Times of India
3. Swiggy tops expectations with best major listing in a decade  The Economic Times
4. `You And I In This Beautiful World`: Zomato`s Tweet On Swiggy`s Stock Market Listing Is Winning Hearts Onli...  Zee News
5. How Swiggy’s IPO Has Made Hundreds Of Its Employees Crorepatis | Explained  News18

1. Gold price today: MCX gold rate falls below ₹74,000 per 10 grams; silver price drops by ₹1,100 | Stock Market News  Mint
2. Gold prices fall for 4th straight day, silver remains steady; check the latest prices in your city  Upstox
3. Gold Price Today: Yellow metal prices continue their fall, tumble by Rs 2,000/10g this week  The Economic Times
4. Today Gold Rate 14-11-2024: Check latest prices in your city  Hindustan Times
5. Gold off Rs 4,775 per 10 gm from all-time highs; trade at Rs 75,000/10 gm  Zee Business

Sensex was trading at 78,260 after slipping 414 points and Nifty was trading at 23,706 after dropping 167 points.

1. Stock market today: Trade setup for Nifty 50 to Q2 results today; five stocks to buy or sell on Thursday — Nov 14 | Stock Market News  Mint
2. Trade setup for Thursday: Top 15 things to know before the opening bell  Moneycontrol
3. GIFT Nifty starts in the red, down 10 points; market trading setup for today  India Today
4. Bloodbath on D-street: Investors lose Rs 13 lakh crore in last 2 days- Top reasons why market is falling  The Times of India
5. Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a muted start; Asian shares trade mixed  The Economic Times

Swiggy got listed at ₹420, a jump of nearly 8% from the issue price on the NSE

Indian stock markets have shown notable volatility over the past two days, with sharp declines unsettling investors and signalling potential shifts in market sentiment

Sensex, Nifty, Share Price LIVE Today: The Marico stock has been depreciating since the beginning of October. It fell off the resistance at ₹700. The scrip continued to fall this week and broke below a support at ₹610 and also below the 200-day moving average. Broadly, the price action from August shows that the stock is gradually shifting its trend downwards. The prevailing price movement indicates that the probability of a fall from the current level is high.

Stock Market Crash: दिवाली के बाद शेयर बाजार में कोहराम मच गया है. क्योंकि बाजार में ऊपरी स्तरों से भारी बिकवाली दर्ज की जा रही. आज 13 नवंबर को मार्केट लगातार 5वें दिन टूट गया है. बाजार में चौतरफा बिकवाली देखने

भारतीय शेयर बाजार वर्तमान में बिक्री के भारी दबाव के अंतर्गत है, जिसके कारण निफ्टी 50 और सेंसेक्स सूचकांकों में काफी गिरावट देखने को मिली है। 13 नवंबर को, दोनों सूचकांक 1% से अधिक गिर गए, यह गिरावट बड़ी कंपनियों के

Stock Market Outlook: शेयर बाजार में इन दिनों जबरदस्त एक्शन देखने को मिल रहा. सितंबर में रिकॉर्ड हाई टच कर करने के बाद तेजी के गिरे हैं. निफ्टी ऑल टाइम हाई से करीब 10 फीसदी फिसल गया है. केवल 13 नवंबर

Since its birth, the stock market has received widespread attention from many scholars and investors. However, there are many factors that affect stock prices, including the company's own internal factors and the impact of external policies. The extent and manner of fundamental impacts also vary, making stock price predictions very difficult. Based on this, this article first introduces the research significance of the stock market prediction framework, and then conducts academic research and analysis on two key sentences of stock market prediction and artificial intelligence in stock market prediction. Then this article proposes a constructive algorithm theory, and finally conducts a simulation comparison experiment and summarises and discusses the experiment. Research results show that the neural network prediction method is more effective in stock market prediction; the minimum training rate is generally 0.9; the agency's expected dilution rate and the published stock market dilution rate are both around 6%.

This research delves into the wealth effect of shareholders from bidding firms created by mergers and acquisitions (M&A) in China and India, two of the world's most populous nations. The study reveals that on average, M&A deals create wealth for shareholders of the acquiring firms, as determined by abnormal percentage returns in a five-day event window. Regarding the further classification of acquiring firms based on industry, the abnormal percentage returns vary in different sectors in both countries. In China, shareholders benefit in seven out of ten industries, while in India, they gain in five out of nine industries. Moreover, the stock markets' responses vary depending on the type of M&A in each country. Cross-industry M&A deals in China generate higher gains for shareholders than within-industry deals, whereas, in India, within-industry M&A deals generate higher gains.

Satisfy your customers and win in the stock market, says a new study by a team of researchers from Michigan's University Research Corridor, who found positive stock returns on customer satisfaction far out-distance competitive market measures that have been in play for more than half a century.

read more

The first class of Planet Money Summer School starts off with a field trip. With the help of a cow, two economists, and three cute animals, we learn what a stock is and how stocks are priced, and we begin to see the psychological forces that make prices move up and down on the stock market. Keep an eye out throughout for our big theme for the course this summer: risk and reward. | Watch this Tik Tok to learn more and subscribe to our weekly newsletter here.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy

[This Day] Kayode Tokede

[This Day] The stock market segment of the Nigerian Exchange Limited (NGX) kicked off the new week on a negative note, dropping by N448.41 billion over investors' profit-taking in BUA Cement Plc and 27 others listed companies.

[Vanguard] The Nigerian stock market ended last week ended on a bearish note, as both the Nigerian Exchange, NGX All Share Index, ASI and market capitalisation fell to 97,432.02 points, and market N59.038 trillion, down from the previous week's close of 99, 448. 91 points and N59. 432 trillion respectively.

[Daily Trust] Global stock markets rose and the dollar slid yesterday as investors steel themselves for a coin-toss US presidential election, an interest rate decision and expected Chinese stimulus measures.

[This Day] Kayode Tokede

[This Day] The stock market segment of the Nigerian Exchange Limited (NGX) yesterday gained N131 billion in market capitalisation to halt a six-day losing momentum.

Editor's note: This is an excerpt of Planet Money 's newsletter. You can sign up here . Johannes Eisele / AFP via Getty Images The United States has been grappling with a global pandemic, an economic meltdown and massive protests — and yet, until recently, the stock market basically shrugged it all off. Between March 23 and late last week, the market surged 45% , erasing the drop it had seen at the start of the pandemic. That is, until last week, when apparently the market rediscovered that there's a freaking pandemic still going on. Public health experts have been warning for months now about the dangers of reopening without a solid plan for testing and tracing. But they're just uptight nerds, right? Economists consider the stock market a "leading indicator" of the economy, meaning it often signals where the real economy is headed. But it's a notoriously faulty signal. The MIT economist Paul Samuelson famously joked that big drops of the stock market had predicted nine out of the last

Stock market spammers are at it again. This time promoting the R.C.H.A stock.

Stock market spammers still trying to push this stock.

IRMGF (Inspiration Mining Corporation) pump and dump stock spam

1. Sensex, Nifty50 decline for 5th straight session; now down over 9% from peak | Stock Market News  Mint
2. Stock Market LIVE Updates: Nifty at 23,700, Sensex tanks 520 pts; auto, metal, realty major drag  Moneycontrol
3. Markets fall, Nifty, Sensex slip nearly 1 per cent: What’s worrying investors at the moment?  The Financial Express
4. Sensex Today | Stock Market LIVE Updates: Sensex off day's low, trades 500 pts lower; Nifty below 23,750;...  The Economic Times
5. Stock market today: Trade setup for Nifty 50 to Q2 results today; five stocks to buy or sell on Wednesday — Nov 13  Mint

Bond yields spiked aggressively as investors awaited Wednesday's inflation data for October.

Stock Market Today on 13 November: सेंसेक्स पर लिस्टेड शेयरों में एम एंड एम, टाटा स्टील, मारुति, सन फार्मा, रिलायंस, नेस्ले इंडिया, जेएसडब्ल्यू स्टील और पावर ग्रिड टॉप लूजर्स रहे.वहीं, एनटीपीसी, भारती एयरटेल, हिंदुस्तान यूनिलीवर, एशियन पेंट्स, कोटक महिंद्रा बैंक, एक्सिस बैंक और एचडीएफसी टॉप गेनर्स रहे.

1. Stock market today: Trade setup for Nifty 50 to Q2 results today; five stocks to buy or sell on Wednesday — Nov 13 | Stock Market News  Mint
2. Sensex, Nifty50 decline for 5th straight session; now down over 9% from peak  Mint
3. Indices trade with deep cuts; auto shares decline for 5th day  Business Standard
4. Stock Market LIVE Updates: Nifty at 23,700, Sensex tanks 520 pts; auto, metal, realty major drag  Moneycontrol
5. GIFT Nifty down 45 points; here's the trading setup for today's session  The Economic Times

The Securities and Exchange Commission has ordered the Nigerian Stock Exchange to suspend trading on the shares of Oando Plc. The commission said in a circular yesterday it had carried out a comprehensive review of the petitions by Alhaji Dahiru Barau Mangal and Ansbury Incorporated and made the following findings amongst others; Breach of the […]

SEC suspends Oando shares from stock market

Commercially available quantum technology could let stock traders coordinate decisions to buy or sell nearly instantaneously using a technique called “quantum telepathy”

The Indian stock market closed flat on Friday as selling was seen in the auto, PSU bank, financial service, metal, and realty sectors at the end of trading.

The week saw Donald Trump returning to power in the US election amid a second consecutive rate cut by Fed this year, as the Indian stock market continued to experience consolidation due to heightened selling pressure from foreign institutional investors (FIIs).

1. NTPC Green Energy IPO: Price band set at ₹102-108 per share; check issue details, key dates, more | Stock Market News  Mint
2. NTPC Green fixes Rs 102-108 price band for Rs 10,000 crore IPO. Check GMP, other details  The Economic Times
3. NTPC Green Energy fixes dates, price band for ₹10,000 crore IPO — More details here  CNBCTV18
4. NTPC Green Sets Price Band For Indias Third Largest IPO This Year  NDTV Profit
5. NTPC Green Energy IPO: Check price band, shareholders quota, latest GMP & more  Business Today

1. Swiggy Share Price Live Updates: Stock makes a positive debut, opens with 7.69% premium at ₹420 on NSE; check GMP | Stock Market News  Mint
2. Swiggy shares list at 8% premium over IPO price  The Economic Times
3. ‘You and I…’: Zomato welcomes Swiggy on Dalal Street after stock market listing  India Today
4. Swiggy’s reclusive CEO Sriharsha Majety makes rare public appearance at IPO listing ceremony  Hindustan Times
5. Swiggy shares list at ₹420 on NSE, opening 7.7% above IPO price in a highly anticipated debut  Mint

The stock market entered correction territory as investors reevaluate the market’s value after the Federal Reserve signaled plans to raise interest rates. WSJ’s Dion Rabouin explains. Illustration: David Fang

Stock Market Holiday From 15th November: नवंबर के महीने में शेयर बाजार लगातार तीन दिनों के लिए बंद रहने वाला है। 15 नवंबर से 17 नवंबर तक ट्रेडिंग नहीं होगी। आपको बता दें कि त्योहार या अन्य किसी खास मौके पर

Stock Market LIVE Updates: भारतीय शेयर बाजार आज बुधवार को कमजोर खुला. बाजार के प्रमुख इंडेक्स लाल निशान में ट्रेड कर रहे. सेंसेक्स करीब 150 अंकों की गिरावट के साथ 78500 के लेवल पर आ गया है. निफ्टी भी 60 अंक गिरकर

The world of stock markets has different characteristics in each country, shaped by the underlying economy, regulations, and also investor behaviour.

The relationship between growing inequality and booming asset markets has never been this stark

Former Wall Street stock trader Lance Breitstein answers your most asked stock market questions from Twitter. Why did they pick a bull and a bear to describe market conditions? What’s the driving force behind a stock’s movement up or down? How does a stock’s value actually impact a company’s well-being? When the market “crashes” why can’t it just be un-crashed? Answers to these questions and more await—it’s Stock Market Support.Lance Breitstein spent over a decade on Wall Street as Trilliums top performing stock trader. He is now a Trading Advisor to SMB Capital and non-profit founder of The Impact Competition Foundation.Linktree: https://linktr.ee/theonelancebX: https://x.com/theonelancebDirector: Lisandro Perez-ReyDirector of Photography: Constantine EconomidesEditor: Cory Stevens; Richard TrammellExpert: Lance BreitsteinLine Producer: Joseph BuscemiAssociate Producer: Brandon WhiteProduction Manager: Peter BrunetteTalent Booker: Nick SawyerCamera Operator: Christopher EustacheSound Mixer: Sean PaulsenProduction Assistant: Sonia ButtPost Production Supervisor: Christian OlguinPost Production Coordinator: Scout AlterSupervising Editor: Doug LarsenAdditional Editor: JC Scruggs; Jason MaliziaAssistant Editor: Billy Ward

Shivani Nyati, Head of Wealth at Swastika Investmart Ltd said that a cautious approach needed for the Swiggy IPO. 

As Trump 2.0 gets set to take control, the US markets are a play of opposing factors

A better understanding of the benefits of stock market speculation — erroneously viewed as akin to gambling — can lead to better public policy