Alibaba's monster IPO
The Chinese e-commerce giant had the largest IPO in history this year, raising a jaw-dropping $25 billion as the stock debuted on the New York Stock Exchange.
Alibaba (BABA) connects online buyers and sellers, and claims to have 300 million customers in China. The company hosted $9.3 billion in sales in one day in November as China celebrated the Singles Day informal shopping holiday.
Alibaba also gave U.S. investors more clear evidence of China's growing financial power. The IPO was priced at $68 per share, and opened at $92.70 in its first day of trading in September. Shares zoomed to $105.24 by mid-December.
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