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Chinese online trading firm, Alibaba.com, was Monday set to give retail investors details of its Hong Kong listing, in what is expected to be the largest Internet IPO ever by a mainland firm.
for some reason the Indiana Jones and the Temple of Doom quote popped in my head: "Alibaba will rule the world!". lol
article [news.yahoo.com]
Alibaba Shares Triple in Hong Kong Trading Debut [bloomberg.com]Nov. 6 -- Alibaba.com Ltd., operator of China's largest online trading site for companies, almost tripled on its first day after an initial public offering in Hong Kong, making the stock four times more expensive than Google Inc. relative to earnings.
The Chinese company's shares closed at HK$39.50 from their HK$13.50 offer price. That gives Hangzhou-based Alibaba a market value of $25.7 billion, closing in on Yahoo Japan Corp. as Asia's biggest Internet company.
