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Alibaba Shares Expected to Jump 25 Percent After NYSE Debut

Alibaba Group Holding Ltd's shares are expected to surge in their first day of trading on Friday as many investors that received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history. Indications were for the stock, listed on the NYSE under the ticker "BABA''  Friday morning, to begin trading between $87 and $89 a share, more than 25 percent increase from its $68 initial public offering price. The $68 pricing on Thursday...

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