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Business News/ Photos / Alibaba debuts on NYSE with largest ever IPO

Alibaba debuts on NYSE with largest ever IPO

12 Photos . Updated: 22 Sep 2014, 02:54 PM IST Livemint

Chinese e-commerce giant Alibaba.com, made its historic Wall Street trading debut on Friday. In early trades after the record public share offering, a buying frenzy sent Alibaba shares sharply higher. A look at the company's journey.

Jack Ma, chairman of Alibaba, with Jonathan Lu, the group’s CEO, and Joseph “Joe” Tsai, vice chairman and co-founder of Alibaba, in front of the NYSE on Friday. Alibaba Group was established by its 18 founders, led by Jack Ma in 1999. Bloomberg

1/12Jack Ma, chairman of Alibaba, with Jonathan Lu, the group’s CEO, and Joseph “Joe” Tsai, vice chairman and co-founder of Alibaba, in front of the NYSE on Friday. Alibaba Group was established by its 18 founders, led by Jack Ma in 1999. Bloomberg

JackMa rings a bell to start the trading of his company’s stock on the floor of the New York Stock Exchange on 19 September. Overwhelming demand saw the IPO initially raise $21.8 billion and then send Alibaba’s stock surging 38% post listing. AFP

2/12JackMa rings a bell to start the trading of his company’s stock on the floor of the New York Stock Exchange on 19 September. Overwhelming demand saw the IPO initially raise $21.8 billion and then send Alibaba’s stock surging 38% post listing. AFP

The company was founded in current CEO Jack Ma’s apartment by 18 people, led by Ma, a former english teacher, in Hangzhou. It was a business-to-business portal to connect Chinese manufacturers with overseas buyers. www.alibabagroup.com

3/12The company was founded in current CEO Jack Ma’s apartment by 18 people, led by Ma, a former english teacher, in Hangzhou. It was a business-to-business portal to connect Chinese manufacturers with overseas buyers. www.alibabagroup.com

The early Alibaba team. Currently, the firm is run by a unique, non-western style, 30-member steering committee. www.alibabagroup.com

4/12The early Alibaba team. Currently, the firm is run by a unique, non-western style, 30-member steering committee. www.alibabagroup.com

Alibaba, a character from the folk tale Ali Baba & the Forty Thieves. Alibaba struck Ma as an interesting name. He explains: Alibaba is a kind, smart business person, who helps the villagers. Hence, Alibaba opens sesame for small- to medium-sized companies.

5/12Alibaba, a character from the folk tale Ali Baba & the Forty Thieves. Alibaba struck Ma as an interesting name. He explains: Alibaba is a kind, smart business person, who helps the villagers. Hence, Alibaba opens sesame for small- to medium-sized companies.

Alibaba Group headquarters in Hangzhou, China. WikimediaCommons

6/12Alibaba Group headquarters in Hangzhou, China. WikimediaCommons

An inside view of the company’s office in Hangzhou. www.alibabagroup.com

7/12An inside view of the company’s office in Hangzhou. www.alibabagroup.com

Alibaba’s businesses include online web portals, online retail and payment services, a shopping search engine and cloud computing services. It’s consumer-to-consumer portal Taobao features nearly a billion products and is one of the 20 most-visited websites globally.

8/12Alibaba’s businesses include online web portals, online retail and payment services, a shopping search engine and cloud computing services. It’s consumer-to-consumer portal Taobao features nearly a billion products and is one of the 20 most-visited websites globally.

Another inside view of the office. www.alibabagroup.com

9/12Another inside view of the office. www.alibabagroup.com

The ultra-modern 150,000 sq. m campus-office in Hangzhou is a major new attraction in the city.

10/12The ultra-modern 150,000 sq. m campus-office in Hangzhou is a major new attraction in the city.

The corporate campus in Hangzhou.

11/12The corporate campus in Hangzhou.

The giant nude statue in the Alibaba head office in Hangzhou. Artwork is prevalent throughout the company’s office campus. AFP

12/12The giant nude statue in the Alibaba head office in Hangzhou. Artwork is prevalent throughout the company’s office campus. AFP

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