ANDERSON: Well millions go there to buy. And now a lot of people are rushing to buy it. The Chinese e-commerce giant Alibaba on track to be the year's biggest IPO to date. Sherisse Pham with more for you.</s>SHERISSE PHAM, CNN REPORTER: Alibaba debuting with a bang here in Hong Kong.</s>UNIDENTIFIED FEMALES:  3, 2, 1! PHAM: Shares popping on the open, ending the day up 6.6 percent. Alibaba, of course, already trades in New York. The company had a blockbuster debut there in 2014, raising $25 billion in what remains the world's largest IPO. But Alibaba's first choice was Hong Kong. It didn't work out because of a disagreement over Alibaba's shareholding structure. The CEO Daniel Zhang calling today's listing a homecoming.</s>DANIEL ZHANG, ALIBABA CEO (through translator): We had done what we said five years ago. That if it was allowed, Hong Kong, we would come back.</s>PHAM: This is a big win for Beijing. A symbolic homecoming for one of China's most famous tech companies. Listing in Hong Kong now makes it easier for investors in China and elsewhere in Asia to buy into Alibaba. The strong debut also a win for Hong Kong. This city has been rocked by months of protests and political unrest. The high-profile listing from Alibaba, a real boost of confidence in Hong Kong and its financial markets. Alibaba could raise up to $12.9 billion in the secondary listing. That would make it the world's largest public debut so far this year. Sherisse Pham, CNN, Hong Kong.
Alibaba Jumps Nearly Seven Percent in Hong Kong Debut