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Updated: Friday, September 19, 2014

Alibaba IPO takes investors on magic carpet ride

Alibaba Group Holding Ltd., which operates the largest overall e-commerce presence in the world, debuted on the New York Stock Exchange on Sept. 19, 2014, with an over two-hour delay in its initial public offering caused by a repeated upward revision of the stock's price per share. With Alibaba's shares now trading at well over 30 percent higher than initially set, a strong new competitor has emerged with designs on disrupting the U.S. e-commerce marketplace.

Alibaba was initially priced at $68, but excitement for China's e-commerce giant resulted in the share price opening at $92.70.

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