Today, Alibaba entered into the long list of publicly traded company at a whopping valuation of over $231 Billion. Shares opened at $92.70 to an anticipating market. The deal was structured in a unique way that shows that the company is beyond confident in the performance of its shares. The Alibaba IPO could see as much as $8 billion shares offloaded by its underwriters on day one of public trading.
We also take a look at geopolitical activity in the U.K and macroeconomic events in the US. Find today's letter to contain all the pertinent information for your investing knowledge.
In The Letter
- Chinese QE as well
- Negative interest rates have come to fruition
- Oracle finds new leaders
- The result from the Scottish vote for independence from its 300 year union with the U.K
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