“Alibaba opened for trade at $92.70 per share, up 36% from where its IPO priced.On Friday, Alibaba shares closed at $93.89, up 38% from its IPO pricing. ” From Business Insider. The market price was around 230 billion dollar at that time .
After the Hong Kong Exchanges and Clearing Limited rejected the Alibaba, Alibaba went to The New York Stock Market. It became a milestone in Chinese internet business. Alibaba as a public company promoted the development of electricity business. Also, it made the entrepreneurs to rethink the huge impact of internet, and the potential profit in it. The CEO of Alibaba also became a star for the Chinese new entrepreneurs, and gave them the confidence about how successful a company can be.
Moreover, until the end of the second season, Alibaba had active consumers for more than 279 million, which increased 50.8%. The huge number of members increased Chinese data base.
The CEO of Alibaba, Ma, is 50 years old now. He made a promise that he will try his best effort to do investment, build brand reputation before 50, but after 50, he will devote himself into charity. He donated 2% of option into charity fund to solve environmental problems, education, and health systems.
http://www.businessinsider.com/alibaba-ipo-september-19-2014-9
