Comment on Alibaba, China’s king of Web retail, opens at $92.70 in surging market debut

Alibaba, China’s king of Web retail, opens at $92.70 in surging market debut

China’s massive Alibaba Group started selling shares to the public late Friday morning for prices far higher than expected, clinching the biggest stock debut in history. The world’s biggest retail giant, which dominates China’s Web and is making moves on American shores, is expected to raise more than $21.8 billion, and potentially much more, in its initial public offering, or IPO.

 

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