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Saturday, September 20, 2014

Alibaba and the $21 Billion

Alibaba founder Jack Ma and CFO Maggie Wu react as the company's IPO begins trading at the NYSE in New York
Brendan McDermid—Reuters

Alibaba and the $21 Billion

The Chinese Internet giant Alibaba saw its shares jump 38% in its first day of trading as a public company in the U.S., raising more than $21 billion and netting company leader Jack Ma, above, the distinction of the biggest IPO ever 

TIME | 20 September 2014


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