Alibaba, the Chinese internet retail giant, made its long-awaiting Wall Street debut Friday on the heels of a record stock offering that opens the door to its global expansion.

Company founder Jack Ma was on the floor of the New York Stock Exchange as trading opened, while a group of Alibaba customers rang the opening bell.

A trading price was not available in the early minutes after the opening, which is not uncommon for stock market debuts.

By raising as much as $25 billion, Chinese online giant Alibaba is poised to break the record for the largest initial public offering in history.

Priced at $68 a share, Alibaba would raise $21.7 billion with the offering of 320 million shares. If underwriters exercise the option for 48 million additional shares, the amount would top $25 billion, breaking the 2010 record set by China’s AgBank.