Alibaba: will e-commerce giant be the biggest flotation of all time?

Share price valuation means the firm Jack Ma started 15 years ago is now worth a total of $167.6bn

The logo of Alibaba.com
(Image credit: Aaron tam/AFP/Getty)

The "biggest stock market flotation of all time" takes place today, with Chinese e-commerce giant Alibaba hitting the New York Stock Exchange with a share price of $68. The valuation is higher than expected and gives the internet firm a total worth of $167.6bn.

In a break with the norm, The Guardian reports, early investors will not be required to hold onto shares for several months under 'lockup' rules. Instead they will be able to begin trading them immediately. A total of $8bn worth of shares will be sold this morning.

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