Why a Chinese Company Is the Biggest IPO Ever In the US

An anonymous reader writes The Chinese e-commerce giant Alibaba has made headlines lately in US financial news. At the closing of its Initial Public Offering (IPO) on Friday, it had raised $21.8 billion on the New York Stock Exchange, larger even than Visa's ($17.9 billion), Facebook's ($16 billion), and General Motors ($15.8 billion) IPOs. Some critics do say that Alibaba's share price will plummet from its current value of $93.60 in the same way that Facebook's and Twitter's plummeted dramatically after initial offerings. Before we speculate, however, we should take note of what Alibaba is exactly. Beyond the likes of Amazon and eBay, Alibaba apparently links average consumers directly to manufacturers, which is handy for an economy ripe for change. Approximately half of Alibaba's shares "were sold to 25 investment firms", and "most of the shares went to US investors."

Comments

Democrats are more racist than Republicans

[Taco Cowboy]

What a racist comment. You must be a Republican

I am a Chinese. I was born in China but has been an American for almost 4 decades

I can tell you one thing about America --- The average Democrats are more racist than the average Republicans

The Republicans might be more conservatives but they are also pragmatic. On the other hand the Democrats may call themselves "liberals" but their so-called "liberalism" is laced with a very strong anti-Chinese sentiment

The perfect example is Hillary Clinton - that broad is an all-out anti-Chinese racist --- even when she was still the "First Lady" her first visit to China (attending a "women conference" in Beijing, back in the mid 1990's) her first speech (she gave a keynote speech for that conference) was lambasting the Chinese people, the host of the conference, with all the vile racist diatribe she could find

I am not saying that there are no racist in the Republican camp, but if compare to those from the Donkey party, there are fewer racist Elephants