If you read our article last week, you may have just been introduced to online juggernaut Alibaba. But with their IPO just recently going live, the company raised $21.8 Billion, making it the largest IPO the US stock market has ever seen. American media company Bloomberg reports that Alibaba’s market value is now $167.6 Billion, a number that surpasses Amazon’s evaluation by just under $20 Billion. According to Racked.com, the company had more than 100 million shares traded in the first 20 minutes of the IPO… WOW.
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