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Showing posts with the label NYSE

Baba Ebola Referendum

This is not the name of a new saint nor a new pill for erectile dysfunction or to aid in digestion. Rather the three headline grabbing items in the past week. Start with BABA.  A new stock symbol for the world.  A Chinese school teacher who through enterprise and some luck created the world's largest online marketplace called Alibaba.   So now a famous Arabian nights character that not many knew about is made into a household name by a Chinese man going public on the NY stock exchange.   At least popular among those household's that delve into somebody's stock.  A 'khul ja sim sim' moment as the world awaited with bated breath (or whatever version of breath they were breathing) for the equity to begin trading on the exchange. Just like each decade has its blockbuster event - in the 70s it was ABBA for the 10s of this century it is BABA - the largest initial public offering by market capitalization. Initial public included all the black sheep in all familie...