@AlibabaTalk ($BABA) began trading well above its IPO ($68/share) at $92.70/share, putting its market cap at ~$230B. $BABA raised $21.8B for its IPO, which made it the largest U.S. IPO  of all time. Instead of founder Jack Ma ringing the opening bell, he had 8 customers ring the bell. This emphasized Ma’s belief that customers come first, then employees, and finally shareholders. IPO proceeds will help Alibaba expand into the USA and Europe, as well as help  $YHOO, which has a 22.4% stake in Alibaba, make big acquisitions.  - Link

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