It is not the largest IPO ever. The record is held by Agricultural Bank of China, which four years ago picked up 22.1 billion dollars (17.1 billion euros).
The market value of Alibaba to nearly $ 168 billion (€ 129 billion ), allowing the company is greater than competitors Amazon and eBay.
According to news agency Bloomberg the share price rise Friday to more than $ 87 per share.
Established in 1999, Alibaba operates a network of Chinese Internet market place for the business and consumer markets. Founder Jack Ma is multi billionaire and one of the richest people in China.
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