Tesla IPO is now worth $347, but that wasn't the case when it was debuted nine years ago. First seen as a joke, Tesla is now one of the richest car manufacturers in the world.
The world's largest e-commerce company is reportedly set to make the biggest initial public offering in U.S. history. Alibaba Group Holding Ltd., based in China, filed the paperwork with the Securities and Exchange Commission on May 6, and it could raise up to $1 billion. According to CNN, the New York Stock Exchange (NYSE) and Nasdaq are competing for Alibaba's presence on their exchange. Alibaba, said to be a mixture of Amazon.com, eBay, and Google rolled into one company, earned a net income of approximately $1.4 billion in 2013 on $5.6 billion in revenue courtesy of 231 million active buyers.
