Advertisement
Wall Street Opens Doors For Alibaba
ResumeAlibaba shares rise 36 percent to open at $92.70 in its much anticipated public debut on the New York Stock Exchange
It's expected to be the biggest IPO, initial public offering, in US history, with a stock price making Alibaba more valuable than its rivals Amazon and eBay.
Despite the strong investor interest, there are also concerns about the company:
- Can Alibaba keep its dominant position in China as it faces more competition, especially on mobile platforms?
- Can Alibaba compete outside of China?
- Are Alibaba's accounting practices reliable?
- Does Alibaba have a strategy behind its recent and expensive buying spree?
- Is Alibaba's corporate governance a liability?
Zoe Chace, a reporter with NPR's Planet Money team, joins Here & Now's Robin Young to discuss the much awaited IPO.
Guest
- Zoe Chace, reporter with NPR's Planet Money Team. She tweets @zchace.
This segment aired on September 19, 2014.