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How to increase your cash by 40% in one day – buy shares in Alibaba!
24th September 2014
The Chinese internet giant, ran by former English teacher Jack Ma, has become the biggest initial public offering (IPO) in History.Having studied them last year, I considered buying shares in them, hemmed-and-harred, and didn’t. What a mistake! Shares started at $68 and rose to $92.70, an increase of 38%. Had I invested my spare £5mil (left-overs from the Apple shares I bought in 1999), I would have been up by a cool £1,900,000!I used this as a way to introduce Public Limited Companies, but also linked it to risk and reward, raising finance and working out percentage increase.Here is the link to a previous research task on Alibaba (suitable for most BUSS4 topics) and the more current BBC news article.Hope it helps