Investors went gaga for Alibaba today.
The Chinese e-commerce giant had Wall Street's biggest ever debut. Alibaba's stock was priced to start trading at $68 a share.
It closed at nearly $94 - a 38% jump.
Alibaba finishes the day 38% above its IPO price. Good week overall: Dow rises 1.7% and S&P 500 pops 1.26%. http://t.co/JL1Y5syX6q
— CNNMoney (@CNNMoney) September 19, 2014
At that price, the company is worth $231 billion. That's more than companies like Amazon and Facebook. It's a company that's broken records, but has a very humble beginning.
CNN's Erin Burnett has more OutFront.