Shares of the star Chinese online retailer began trading in 11:53 a.m. Friday. Initially priced at $68 a share, the IPO opened nearly a third higher, rocketing over $99 within the first few minutes. Volume on the IPO is surpassing the Twitter (TWTR) IPO. If current volume continues into the closing bell, volume may approach Facebook's (FB) record of 573 million shares.
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TheStreet was on the scene for the event. Here are the shots of the five most memorable moments from the morning's prelude to the BABA trading action.
Leading up to the launch of trading, a beaming Jack Ma, Alibaba founder and CEO, was the center of attention, offering interviews to the crush of media, including many teams of reporters from China. A similar choir of smiling Alibaba employees crowded the balcony.