Moments ago, the NYSE revealed that the latest indication for the Alibaba open, due sometime in the next hour, is in the $82-$85 $84-87 range. So assuming a mid-range price (which will surely be overtaken now that the market is in full on dot com bubble euphoria mode as even the Fed’s Fisher admitted moments ago) of $83.50, this means that Alibaba’s market cap will be just over $206 $211 billion, putting it among the 15 highest valued companies trading on US markets, above both Facebook and Verizon.
Update: $84-87 now, which means $211 billion market cap.
And as we await the final price, we wonder: will Allibaba eclipse JPMorgan’s market cap of $227 billion and, maybe, even Walmart’s $245 billion, which Alibaba will surpass if it hits $100/share.
via Zero Hedge http://ift.tt/1tx4Kww Tyler Durden