NEW YORK (TheStreet) -- Shares of Alibaba Group are up 1.17% to $111.10 after the company "wowed the markets" on Thursday with the largest U.S. dollar bond sale on record from an Asian company, pricing its $8 billion debut at levels even highter than some of the world's best-known issuers, Reuters reports. The Chinese e-commerce giant, which listed in New York in September through a $25 billion IPO, amassed more than $55 billion of orders for the long-awaited six-tranche deal, one of the world's largest investment-grade bonds of the year, Reuters said. "The narrow pricing marked a milestone for a Chinese company, comfortably beating higher-rated state-owned issuers and offering investors no compensation for the perceived risks associated with Chinese investments," Reuters added. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. BABA data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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