Sr. Correspondent, Broker Research, Bangalore, India
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Yahoo options volume hits record on Alibaba’s market debut

NEW YORK (Reuters) – Alibaba Group Holding Ltd’s record public offering of shares on Friday further spurred already elevated activity in Yahoo Inc’s options, pushing volume on the U.S. Internet company to a one-day record high.

Shares of Alibaba, in which Yahoo holds a big stake, surged 38 percent in their first day of trading on Friday, valuing the company at $231 billion by the close of trading.

    • About Saqib

      "Saqib is Senior correspondent, Broker Research and leads a team of five reporters covering equities research. He previously worked as a producer on the Reuters Global Online desk. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
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