Alibaba drop leaves stock pennies above IPO price

August 21, 2015 creative alibaba, alibaba-group, below-the-price, breaking-below, china, dropped-below, firm-the-second, global-slowdown, hangzhou, largest, potential-move, price, san, seen-inside, underwriters

By Noel Randewich SAN FRANCISCO (Reuters) – Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors. A potential move below $68 would make China's largest e-commerce firm the second high-profile tech company to fall below its IPO price this week after Twitter Inc on Thursday dropped below its 2013 IPO price.

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Alibaba drop leaves stock pennies above IPO price