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Home > Alibaba Breaks For Trading At $92.70, Rises Over $99.50, Hits Same Market Cap As Walmart, Drops

Alibaba Breaks For Trading At $92.70, Rises Over $99.50, Hits Same Market Cap As Walmart, Drops

By Tyler Durden
Created 09/19/2014 - 10:58
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 09/19/2014 10:58 -0500



 

The moment everyone had been waiting for just arrived and moments ago BABA broke for trading at $92.70 after its $68 IPO, and promptly traded over $99.50, which means its market cap is now the same as Walmart, and it gunning for General Electric.

[3]

 

and then this happened...

[4]

 

BABA drops below opening print...

[5]

 

This is how high BABA got:

[6]

 

So... Alibubble, or BubbleCoin?

 

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Source URL: http://www.zerohedge.com/news/2014-09-19/alibaba-breaks-trading-9270-rises-over-98-has-same-capitalization-chevron

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/9218
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/09/20140919_babaopen4.jpg
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/09/20140919_babaopen5.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/09/20140919_babaopen7.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/09/Baba%20ranking.jpg