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Alibaba IPO debuts with a roar, climbing more than 36%
Alibaba IPO debuts with a roar, climbing more than 36%

Alibaba Group came out with a monster roar Friday as its shares began trading at $92.70, up more than 36% from its IPO price of $68.  That surge on the New York Stock Exchange instantly raised the company’s total market value from $168 billion to more than $220 billion. Alibaba had raised $21.8 billion in its hotly anticipated IPO, the largest in U.S. history. The stock, trading under the ticker name BABA, was bouncing Friday from a high of nearly $100 to a low of just above $90. The $68 IPO price, set Thursday, cemented Alibaba at that time as at least the second-largest initial public offering in history, just behind Agricultural Bank of China's $21.9-billion IPO...

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