Wall Street Opens Doors For Alibaba

04:32

September 19, 2014

Alibaba shares rise 36 percent to open at $92.70 in its much anticipated public debut on the New York Stock Exchange

It's expected to be the biggest IPO, initial public offering, in US history, with a stock price making Alibaba more valuable than its rivals Amazon and eBay.

Despite the strong investor interest, there are also concerns about the company:

Can Alibaba keep its dominant position in China as it faces more competition, especially on mobile platforms?
Can Alibaba compete outside of China?
Are Alibaba's accounting practices reliable?
Does Alibaba have a strategy behind its recent and expensive buying spree?
Is Alibaba's corporate governance a liability?

Zoe Chace, a reporter with NPR's Planet Money team, joins Here & Now's Robin Young to discuss the much awaited IPO.

Follow the IPO

Guest

Zoe Chace, reporter with NPR's Planet Money Team. She tweets @zchace.

This segment aired on September 19, 2014.