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Alibaba Group Holding (BABA) The "Open, Sesame!" To Wall Street, Dresser-Rand Group (DRC) Merger Speculations

|Includes: Alibaba Group Holding Limited (BABA), DRC Alibaba Group Holding Ltd. (NYSE:BABA)

The wait is over for BABA's debut. Finally, at 11:53 a.m. ET. on Friday, BABA stock soared more than 35%, with more than 100 million shares traded in the first 20 minutes of trading

BABA priced its IPO of 320,106,100 American depositary shares (ADSs), each representing one of its ordinary shares, at a price to the public of US$68.00 per ADS for a total offering size of approximately US$21.77 billion, assuming the underwriters do not exercise their option to purchase additional ADSs.

BABA and certain of the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 48,015,900 ADSs.

On intraday trading, BABA stock reached a high of $99.70 per share.

BABA, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. BABA operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace;, an online business-to-business marketplace that focuses on global trade among businesses;, an online wholesale marketplace; and AliExpress, a consumer marketplace.

More about Alibaba Group Holding Ltd. (BABA) at

** Dresser-Rand Group Inc. (NYSE:DRC)

The trading levels of DRC exploded in the right direction, after reports indicating that Siemens AG is contemplating making a $6.1B bid for the company, while Swiss pump maker Sulzer AG confirmed on its website that it was in talks with DRC regarding a possible merger

DRC is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries.

More about Dresser-Rand Group Inc. (DRC) at


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Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.