Alibaba- The Biggest IPO Ever in Massive Trading Debut

Alibaba Group- has emerged as an Biggest IPO Ever in History in a Massive Trading Debut as their shares are surged in a big way.The company is profitable and it laid the way for the traders to tap into the Chinese growth story.

Alibaba's Pricing of the IPO initially raised to $21.8 billion and they are exercise for additional 48 million shares to bring IPO's size to $25 million, making it the largest initial public offering in history.The Sales values the company at about $168 billion more than any other American icons.

Alibaba.com

The pricing of the IPO on Thursday initially raised $21.8 billion for the Chinese e-commerce company. Scott Cutler, head of the New York Stock Exchange's global listing business, told a news channel that underwriters would exercise their option for an additional 48 million shares, to bring the IPO's size to about $25 billion, making it the largest initial public offering in history.At $90.50 a share the stock is valued 38 times its estimated earnings in current fiscal year

The stock opened at $92.70 around 1600 GMT (9:30 p.m. in India) and quickly rose to a high of $99.70 in active trading. More than 100 million shares changed hands in composite trading in the first 10 minutes of trading. As of 12:50 pm ET (10:20 p.m. in India), shares were up 33 per cent at $90.50.