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| VIEW EVENT INFORMATION: Alibaba |
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Alibaba Spikes, Yahoo Sags |
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About the organization Alibaba:
Type: Business
Sub-Types: Website, Advertising Agent, Retailing Agent, Computer Software, Search Engine, E-Commerce |
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Notable Organizations: Alibaba, Techcrunch
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| Alibaba’s IPO touched down today to large success. The company’s shares soared more than 38 percent in regular trading, pushing the valuation of the Chinese e-commerce company north of $225 billion.
The success of the offering, however, did not bolster Yahoo, whose stock fell during midday trading, dipping under the $40 mark before partially recovering. Yahoo owns a large stake… |
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