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Alibaba Makes NYSE Debut

Alibaba, which priced its massive initial public offering at $68 a share late on Thursday, began trading on the NYSE under the ticker "BABA''  Friday morning. Ahead of that, the NYSE had performed extensive testing of its trading systems in a bid to ensure its debut goes smoothly. Alibaba executive chairman Jack Ma, already worth an estimated $13 billion, started the trading day. Ma is poised for a big pay day - selling more than 12 million shares and possibly...

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