KQED Nightly Business Report September 23, 2014
Investors a big lift. In the first Historic Deal fridays initial public Stock Offering for alibaba officially became the biggest ipo in history. Raising a total of 25 billion for the chinese ecommerce giant. Now thats because initial demand for shares was so great with the stock surging 38 in its debut, an additional 48 million options on shares were sold by underwriters putting alibaba into the history books. Now the other recordbreaking news came from apple. It sold more than 10 million iphone 6 and iphone 6 plus iphones in just the first three days of sales. Its biggest Product Launch ever....