Alibaba Group Holding Ltd IPO Live Coverage

UPDATE at 12:08 p.m. EDT: Yahoo! Shares Plunge Over Last Couple Mins, Fall 2.3%, Down ~1.75% from Thursday's Close UPDATE at 12:02 p.m. EDT: Alibaba Shares Pulling Off Highs, Now Down More Than $5 from High at $99.70, Last Traded at $93.99 UPDATE at 12:01 p.m. EDT: Alibaba Has Now Traded 100M Shares UPDATE at 12:00 p.m. EDT: Alibaba Composite Share Volume Hit 55.28M Shares During the First Minute of Trade (via Reuters) UPDATE at 11:56 a.m. EDT: Alibaba Shares Continuing to Make New Highs, Now Around $98 UPDATE at 11:53 a.m. EDT: Alibaba IPO opens at $92.70, moving higher now at $95/share UPDATE at 11:50 a.m. EDT: Alibaba IPO Indicated $92.60-$93/Share UPDATE at 11:46 a.m. EDT: NYSE Floor Trader Indicating Alibaba $93 at 42M Shares, Says Getting Close to Open UPDATE at 11:36 a.m. EDT: NYSE Floor Trader Saying Alibaba Indicated at $93 on 43M Shares, $93 for 1.5M Shares On Balance Alibaba Group Holding Ltd's BABA is scheduled to open for trading late Friday morning. Alibaba Group was offering 320,106,100 shares at an initial price of $68 per share. The range for Alibaba shares increased throughout the morning from $68 per share to the current suggested open price of $92 to $93 per share. If Alibaba opens at $90 per share, its valuation would be over $220 billion.