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September 19th, 2014
08:35 PM ET

Alibaba's record-setting Wall Street debut

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.

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.


Filed under: International • News
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