NYSE Traders Weigh In On Alibaba’s IPO

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Alibaba Spikes, Yahoo Sags

We were on the floor of the New York Stock Exchange this morning for Alibaba’s debut. The Chinese e-commerce company had the biggest initial public offering ever for a U.S.-listed company, and its share price jumped another 36 percent when it opened at $92.70. (After approaching $100, the stock closed at $93.89.)

In the hours leading up to the start of trading, TechCrunch’s Jon Shieber spoke to traders, NYSE SVP David Ethridge, and major Alibaba shareholder Masayoshi Son, the founder and chief executive of Softbank. Afterwards, we discussed Alibaba’s history and the excitement around the IPO, and we’ve thrown it all together in the video above.