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Alibaba Sells More Than 100 Million Shares in First 20 Minutes of US IPO

By Sarah Price - Sep 19, 2014 01:47 PM EDT

Alibaba Holdings, the e-commerce giant debuted on the New York Stock Exchange Sep 19 under the ticker sign BABA and has raised a record $21 billion in its Initial Public Offering (IPO). The company sold 100 million shares in the first 20 minutes of trading.

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