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Updated: Shares Soar in Hong Kong Debut; Market Cap Now $25.7 Billion

Shares of, the Chinese B2B marketplace, nearly tripled in their Hong Kong debut, closing at HK$39.50 (US$5.09), after its IPO priced at HK $13.50 (US$1.74). The steep rise was easy to see coming, considering the groundswell of enthusiasm for the company preceding the IPO. The company now sports a $25.7 billion market cap, which brings it close with Yahoo (NSDQ: YHOO) Japan as the largest internet company in Asia, according to Bloomberg.

As for what this means to shareholder Yahoo, Eric Savitz runs the math: “So, let