Alibaba shares opened at $92.70, handing the Chinese ecommerce giant a valuation of more than $228bn when it finally started trading on the New York Stock Exchange on Friday. The company had priced its initial public offering at $68 a share on Thursday, valuing the business at $170bn and making it the biggest technology flotation the world has ever seen. However, it opened more than 36pc higher, making the company more valuable than other technology giants such as Facebook and Amazon. Telegraph
