Shares of Alibaba are up more than 30 percent after the Chinese e-commerce company raised a record-breaking $21.8 billion in its IPO on Friday. As of 10:45 a.m. PT, Alibaba was trading at about $91 per share — it reached $99 per share earlier this morning — after the IPO was priced at $68 per share. The company is currently valued at $224 billion on the New York Stock Exchange — higher than both eBay and Amazon combined.
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