If you invested $1,000 in Alibaba when it went public, here’s how much you’d have now
- An investment into Alibaba at the close of its first day of public trading would have increased in value by about 92 percent as of Mar. 11, 2019, according to CNBC calculations.
- Analysts said that the economic slowdown in China will affect Alibaba in the short-to-medium term, especially if it results in a pullback in domestic consumption.
One of China’s biggest technology names, Alibaba has a market value of about $467.66 billion and its stock is up more than 31 percent year-to-date.
Back in 2014, Alibaba made headlines as the then-biggest initial public offering ever and the value of the deal was around $25 billion, according to reports. While the IPO was priced at $68 per share, the stock closed about 38 percent higher on its first trading day at $93.89.
If you had invested in Alibaba back then, you would have made some decent returns. According to CNBC calculations, a $1,000 investment made at the closing price on Sept. 19, 2014 would be worth about $1,921.50 as of Monday, Mar. 11.
That is a 92.15 percent jump in value from the closing price on the first day of trading. Alibaba doesn’t pay any dividends.