With Rachel Fox of FoxOnStocks.com

The highly anticipated Alibaba IPO $BABA debuted last Friday to a very positive reception from investors and traders.

To read more info on what exactly Alibaba does, read my blog from two weeks ago here: http://foxonstocks.com/alibaba-may-deserve-largest-ipo-history/

You’ll understand why Alibaba is a cross between Ebay, Amazon, & PayPal and you’ll read more about the issues Alibaba had to over come in order to make the IPO as successful as it was.

On Friday, $BABA began trading at $92.70 and closed the trading day at $93.98. The stock hit an intraday high of $99.70 and an intraday low of $89.95. However, the IPO price was $68… So how did $BABA open the trading day at $92.70?

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