If You'd Invested $5,000 in Alibaba in 2014, This Is How Much You Would Have Today
Alibaba (NYSE: BABA), the largest e-commerce and cloud company in China, went public at $68 per share on Sept. 19, 2014. It raised $25 billion and eclipsed Meta Platforms (NASDAQ: FB) as the largest U.S. IPO in history.
If you had invested $5,000 in Alibaba's IPO, your investment would be worth about $9,000 today. That's not a bad return, but the same investment in rival JD.com's (NASDAQ: JD) IPO earlier that year would be worth over $19,000 today. Alibaba has also underperformed the S&P 500's gain of more than 130% since its public debut.
Let's see why investors initially fell in love with Alibaba, why that relationship soured, and if this Chinese tech giant's stock is still a worthwhile investment.
Source Fool.com
