Alibaba jumps in debut, impresses in first week

One week after the biggest IPO in history, Alibaba has delivered. Now the company must justify its $240 billion valuation.
Thumbs up for Jack Ma, so far
Thumbs up for Jack Ma, so far

It is one week after one of the most highly awaited IPOs in history, and Alibaba has not disappointed.

After pricing shares at $68 each on September 18 and raising a record $25 billion the largest flotation ever the company began the first day trading at $92.70. Shares soon spiked to just under $100 a unit before closing the day at $93.89, a 38% rise in its debut.

Shares hovered around the $90 mark in the first week of trading, dipping to a low of $87 at one point. But they rose again to $90.57 on September 24 at the New York close.

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