1. The highly-anticiapted IPO for Alibaba (NYSE: BABA) didn’t disappoint on Friday. The stock opened for trading at $92.70 after pricing 320,106,100 American depositary shares (ADSs) at $68 per ADS for a total offering size of approximately US$21.77 billion. The pricing was at the top end of the recently raised $66 – $68 range. For more color on the IPO, click here.
2. The Federal Open Market Committee said it would taper bond buying by $10 billion for a new rate of $15 billion per month. The FOMC also said it expected
