Alibaba (BABA) Stock Soars in First Trading Day After IPO

NEW YORK (TheStreet) -- Chinese e-commerce giant Alibaba  (BABA) had its much-anticipated IPO on Friday, and the stock closed up 38.07% to $93.89 at the closing bell.

The stock began trading just before noon, and more than 270 million shares had changed hands by the end of the day to make Alibaba the most actively traded stock on the market Friday.

The company priced its initial public offering at $68 a share, but the stock opened at $92.70. It had a low of $89.95 and a high of $99.70 intraday.

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BABA Price Chart BABA Price data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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