Now that the Chinese company Alibaba had a successful IPO in NYSE (so far). Somebody might had never heard about this company before.
Here is an excellent Bloomberg video shows how the Alibaba company works.
Man, it is a successful IPO: in the first day of trading, the stock price went up to $92 with more than 30% gain.
Now the next question is can it escape the first year performance curse that the previous big IPO does? We shall See.
What you should know about the newly IPO Alibaba (NYSE:BABA)?