clock menu more-arrow no yes Shares Soar Nearly 10 Percent in Market Debut

Shares in Chinese e-commerce company spiked in their market debut on Thursday, valuing the company at about $30.43 billion.

The stock opened at $21.75 on the Nasdaq, with heavy demand that may foreshadow investor appetite for larger peer Alibaba. The IPO was 15 times oversubscribed and priced above expectations.

Read the rest of this post on the original site »

This article originally appeared on

Help us explore what’s working

Part of explaining the news is critically examining potential solutions to big problems. Will you support this work with a gift to Vox?