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When did Alibaba go public?

Alibaba Network Technology Co., Ltd. (Alibaba Group for short) was founded in Hangzhou, Zhejiang Province by 18 people headed by Ma Yun. Alibaba Group operates a number of businesses, and also obtains the support of operating business ecosystem from the businesses and services of affiliated companies. Business and affiliated companies include: Taobao, Tmall, Juhua, AliExpress, Alibaba International Trading Market, 1688, Ali Mama, Alibaba Cloud, Ant Financial, Cainiao.com, etc.

2065438+On September 19, 2004, Alibaba Group was officially listed on the new york Stock Exchange, with the stock code "baba" and Ma Yun as its founder and chairman.

The first day of listing: the first report closed at $93.89, up 38.07% from the issue price, and the market value exceeded $230 billion at the closing price. Alibaba took 15 years from its initial establishment of 500,000 yuan to its listing market value of about 230 billion US dollars.