Tag Archives: IPO

Good News for Apple and Alibaba

Apple's Latest Offering

Apple’s Latest Offering

This was certainly a weekend of record breakers. First off, Apple sold a record number of their new iPhones, number 6 on the count; no less than 10 million were sold between Friday and Sunday. Not a bad way to end/begin the week.

Across the wide ocean Alibaba, the giant Chinese mega eCommerce store, bigger than eBay and Amazon combined, can also boast of a record-making weekend. The newest largest IPO in history was that of Alibaba on Friday, selling about $25 billion in shares to the public. A great time was had by all.