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Investors clamored for Alibaba Group (BABA) stock Friday, buying shares above 92 at the opening, up 35% from the IPO’s starting price of 68. The China e-commerce giant initially sold 320.1 million shares to underwriters and institutional investors lucky enough to get in on the initial public offering. The stock priced Thursday evening at the high end of its expected range, which had been hiked, raising a U.S. IPO record $21.8 billion. That gave Scalper1 News
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