Chinese e-commerce giant Alibaba generated the largest IPO in history on Friday after selling additional shares on its first day of trading.
It raised a record-breaking $25bn (approximately £15.3bn) after a first-day surge in share price prompted underwriters to sell more shares.
Wedbush Securities technology analyst Gil Luria said: "there's very few companies like this and in fact I'd say the only company that has similar characteristics is Facebook.
"The entrie growth of Alibaba is driven by the growth of the Chinese consumer, the growth of the Chinese middle class."
After Alibaba’s IPO, China will account for four of the world’s most valuable internet companies, and its biggest will be Alibaba.
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