Alibaba's IPO Was Huge, but Analysts Say Investors Have Reasons to Worry

(Beijing) -- After two weeks road shows in cities in the United States as well as in Hong Kong and Singapore, e-commerce giant Alibaba Group Holding Ltd. finally held its initial public offering on the New York Stock Exchange (NYSE).

The IPO raised US$ 21.8 billion. The company's share price surge 38 percent to US$ 93.89 on its September 19 debut under the ticker symbol BABA. The overwhelming demand promoted underwriters to exercise an option to sell an additional 48 million shares, raising the total value of the fundraising to US$ 25 billion, a world record.