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How did Alibaba's resounding stock market debut compare?
How did Alibaba's resounding stock market debut compare?

Alibaba’s stock popped resoundingly during its New York Stock Exchange debut Friday, suggesting that the Chinese online shopping middleman could have raised billions of dollars more during its initial public offering. Alibaba raised $21.8 billion through the IPO by pricing its shares at $68. But the company’s valuation reached $231.4 billion as shares closed at $93.89 in open trading. The 38% rise in the price of individual shares shattered the 26% jump recorded on average so far this year in debuts of new Internet and technology stocks in the United States, according to data from Dealogic. While companies across industries usually seek a one-day pop of about 15% and see an...

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