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Investors clamored for Alibaba Group on Friday, sending its stock up 38% in heavy volume on its first day of trading following its record-setting IPO. The stock opened at 92.70, far above its offering price of 68. After rising to 99.70 and falling to 89.95, Alibaba (BABA) closed at 93.89. It ended the day as one of the world’s most valuable tech companies, with a $231 billion market capitalization. If Alibaba were in the S&P 500, Scalper1 News
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