USA TODAY reporter covering everything Wall Street: the stock market's maddening mood swings; pundits' bull and bear rants; and the people that move markets!
#BABA opens at $92.70
Alan Skrainka, CIO @ Cornerstone Wealth Mgt tells USA Today: "Anyone buying #BABA today will likely need to hold for the long term to make $
Gary Kaltbaum of Kaltbaum Capital Mgt on #BABA IPO price action: "We have a greed based market this second...not fear based"
#BABA! Here's latest from TD Ameritrade & its trading book: BABA orders pre-open roughly 3x that of Twitter, 70% of Facebook IPO demand
#BABA could open as high as $90. Is there any room left for latecomers to party to make money. We'll see.
Tech titans fight 4 PR buzz: Alibaba IPO squares off with Apple's 1st day sales of iPhone 6 and iPhone 6 Plus...gotta give #BABA the edge
NYSE says #BABA trading won't open for at least 30 more minutes (roughly 11:25 a.m. ET); latest price indication upped to $87 to $89
#BABA 1st trade price upped for 4th time: now range is $86 to $88 per share...nice pop when it starts trading...
#BABA latest 1st trade price indication rises to range of $84 to $87. At high-end of range, that equates to a 28% rise over $68 offering.
#BABA will raise $26.6 bil if 1st trade is priced at $82 and $27.2 bil if 1st trade is $85--both amounts would be largest IPO ever
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