They Do Ring A Bell At The Top: Alibaba Proves Wall Street Is Off It Rocker
September 22, 2014 at 14:43 PM EDT
On Friday Alibaba gained $65 billion of market cap in 5 minutes! And that was on top of the $170 billion IPO price—-a valuation that was not all that shabby to begin with. In fact, BABA weighed in for the opening bell at 20X its $8.6 billion in sales.
