Alibaba, the Chinese e-commerce giant, secured its place in history Thursday as the largest U.S. listed initial public offering (IPO) of all time.

The stock priced at $68 per share. That's at the top of the expected range, signaling strong demand.  Trading for BABA will commence tomorrow on the New York Stock Exchange.

The IPO deal set an American exchange record having raised $21.8 billion.

Alibaba, founded by former English teacher Jack Ma, is now one of the biggest tech companies in the world.  While enthusiasm for Alibaba has been nearly universal, some, like Kris Tuttle of IPO Candy urge caution as noted in this TalkMarkets Exclusive.

And let's not forget the unique regulatory environment being that this is a Chinese IPO being offered out of the Cayman Islands.