Alibaba, the Chinese e-commerce giant, opened at $92.70 a share on the New York Stock Exchange on Friday, making it the highest initial public offering in U.S. history. Drew Harwell at The Washington Post reports:
Alibaba Group, the Chinese Web juggernaut that has become the world’s biggest online retailer, will sell its first shares to the public Friday in one of the most lucrative debuts in stock market history.
Though little known in the United States, the tech powerhouse
September 19, 2014