# Prof. Aswath Damodaran's blog post on Alibaba's stock price is highlighted

1 Faculty News September 16, 2014 ![Quartz logo](/sites/default/files/styles/246w/public/assets/images/con_038218.gif?itok=JIQPnzXd)>

Excerpt from [Quartz](http://qz.com/266023/alibaba-just-boosted-its-planned-ipo-price-but-still-has-room-to-pop/) -- "'For better or worse, bankers are not feted for getting the price right but for getting it wrong, albeit in one direction and not by too much,' [Aswath Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran), a professor of finance at New York University, blogged earlier this month. A well priced IPO is one where the stock jumps 5% to 10% on the first day of trading, Damodaran wrote."

[Read more](http://qz.com/266023/alibaba-just-boosted-its-planned-ipo-price-but-still-has-room-to-pop/)

Additional coverage appeared on [International Business Times](http://www.ibtimes.com/nasdaqs-facebook-trading-glitch-pushed-alibaba-choose-nyse-listing-report-1689765).