Alibaba Opens Trading 36% Higher at $92.70

Alibaba Opens Trading 36% Higher at $92.70

Assessment

Interactive Video

Business

University

Hard

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Quizizz Content

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The video covers a historic day in the stock market, highlighting the unexpected opening price of $93 and the subsequent rise in stock value. It discusses the significant trading volume of Alibaba shares, surpassing analyst predictions. The stock's market value reached $235 billion, exceeding expectations.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the unexpected opening price of the stock on this historic day?

$90

$95

$100

$93

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the stock's value when it surpassed $96?

$100

$240 billion

$96

$235 billion

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many shares were traded in the first few minutes?

72 million

60 million

80 million

50 million

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the high-end prediction of the company's valuation after its IPO?

$200 billion

$240 billion

$220 billion

$235 billion

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did the actual valuation of the company compare to most analysts' expectations?

It was slightly higher

It was lower

It was the same

It was far above