NEW YORK (TheStreet) -- Shares of Alibaba Group Holding (BABA) soared 36.63% to $92.91 in midday trading after the largest U.S. IPO in history hit the trading floor around 11:53 a.m. ET on Friday at the price of $92.70 a share.
Investors snapped up shares of the highly anticipated IPO with about 79.8 million shares traded on the New York Stock Exchange by 12:14 p.m.
Alibaba raised nearly $22 billion through its IPO this week, which made it one of the world's most valuable companies.
Watch the video below for a closer look at Chinese e-commerce giant Alibaba:BABA Price data by YCharts