Alibaba opened on the New York Stock Exchange (NYSE) to sky-high stock prices on Sept. 19. Meaning?

For the moment, Alibaba is worth more than Amazon and eBay combined.

Alibaba opened on the NYSE on Friday. (ThinkProgress/Twitter)

The Chinese online company priced its shares at $68 on Thursday, but ended the day trading at $93.

Some analysts estimate that Alibaba conservatively priced its shares to avoid the same pitfall as Facebook, whose shares plummeted after its initial public offering.

Founder Jack Ma is a former English teacher who started the e-commerce company in his apartment. He is now the richest man in China.

U.S. company Yahoo owns 23 percent of Alibaba's stocks, although it has agreed to decrease its stake to 10 percent upon the company's IPO.

Read more on Bloomberg.

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