Alibaba jumps in debut, impresses in first week

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

To say that...