The stock market was in awe on Friday after Chinese internet giant Alibaba premiered on Wall Street. During the first day of public trading, Alibaba’s share price peaked at $92.70 – topping the original initial public offering by 36 percent. In terms of market capitalization, the Chinese equivalent to Amazon, eBay, PayPal and other web retail-oriented offers, reached a volume of $228.5 billion. In the tech industry, Alibaba is now fourth in market value behind only three other publicly traded corporations, Google, Apple and Microsoft. In addition, it single-handedly left behind Facebook (currently $200 billion). Sales of shares reached a volume of $25 billion, exceeding the so far largest IPO in history – the Agricultural Bank of China in 2010 ($22.1 billion). Alibaba’s record-breaking sale of shares occurred after the company itself and its shareholder Yahoo exercised their right to sell additional shares for which they cashed in a combined $3 billion.