Alibaba.com, the business-to-business unit of the Alibaba Group, raised $1.5 billion with its IPO, breaking a record for Chinese Internet companies. The $1.5 billion also makes the public offering the largest tech IPO since Google raised $1.66 billion in 2004. Alibaba's PE ratio, around 55, is a bit Googly as well. Google's shares price it at 52.9 times earnings. One wonders if investors realize that Alibaba's search business wasn't part of the package. [WSJ]