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USA: Alibaba opens at $68 a share becoming biggest U.S. IPO00:43

USA: Alibaba opens at $68 a share becoming biggest U.S. IPO

United States, New York
September 19, 2014 at 16:21 GMT +00:00 · Published

The world's largest e-commerce company Alibaba made its stock market debut on the New York Stock Exchange Friday with shares pricing at $68 (€52.84) a piece.

Co-founded in 1999 by former English teacher Jack Ma, Alibaba started in China as an online market place for businesses to sell to one another and quickly grew into a global hub that sells everything from consumer electronics to food and apparel.

The stock offering Friday is the largest in the United States and is expected to raise $21.8 (€16.94) billion, making the company more valuable than the combined value of Amazon and eBay.

USA: Alibaba opens at $68 a share becoming biggest U.S. IPO00:43
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The world's largest e-commerce company Alibaba made its stock market debut on the New York Stock Exchange Friday with shares pricing at $68 (€52.84) a piece.

Co-founded in 1999 by former English teacher Jack Ma, Alibaba started in China as an online market place for businesses to sell to one another and quickly grew into a global hub that sells everything from consumer electronics to food and apparel.

The stock offering Friday is the largest in the United States and is expected to raise $21.8 (€16.94) billion, making the company more valuable than the combined value of Amazon and eBay.