What Will Alibaba Do With $25 Billion?
The Chinese internet giant Alibaba is on track to have the biggest ever initial stock offering on Wall Street this Friday.
Alibaba says it will offer 368.1 million shares at between $66 to $68 each, which would garner more than $25 billion for the company.
The hype has been building with Alibaba executives are on a road show meeting with potential investors across the U.S., but the company faces a series of questions about how it will fare outside of China.
Kara Swisher, the co-founder and co-executive editor of Re/code joins Here & Now’s Jeremy Hobson to discuss.
Copyright 2021 NPR. To see more, visit https://www.npr.org.