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Alibaba’s Historic Rise and Evolution: From Small Startup to Global Tech Powerhouse
On September 19th, 2014, Alibaba Group made history with its initial public offering (IPO) on the New York Stock Exchange, raising an astonishing $25 billion on its first day of trading. This event was the largest IPO in the world at the time and marked a significant milestone in the tech industry, establishing Alibaba as a major global player. The IPO not only demonstrated investor confidence but also recognized the tremendous growth and potential of this Chinese giant, aligning it with other notable tech companies such as Twitter, Amazon, and Google.