Alibaba IPO: Ranks As World’s Biggest After Additional Shares Sold
Alibaba IPO: Ranks As World’s Biggest After Additional Shares Sold
Alibaba Group Holding Ltd’s initial public offering (IPO) is now the world’s biggest in history with the worth of $25 billion. This is after some of its shareholders and e-commerce giant sold shares. This surpassed the last record of $21.1 billion which was set by Agricultural Bank of China Ltd in the year 2010. On Friday, Alibaba’s stock surge to 38%.
Additionally, Alibaba agreed on selling 26.1 million additional shares netting the company to have an extra of $1.8 billion. Moreover, Jack Ma of Alibaba agreed to sell 2.7 million and Joe Tsai, the company’s co-founder agreed to sell 902,728 additional shares. On the other hand, Yahoo Inc also agreed on selling 18.3 million of shares leaving its net worth of $1.2 billion.
Furthermore, Credit Suisse Group AG, Deutsche Bank,Citigroup Inc, JPMorgan Chase & Co,Goldman Sachs Group Inc,and Morgan Stanley are the joint bookrunners of the IPO.
The Independent finacial advisor of the Alibaba on the deal is Rothschild.
Tags : Alibaba IPO Alibaba Alibaba news Alibaba IPO shares Alibaba share prices Alibaba share price Alibaba worth Alibaba founder Alibaba jack ma Alibaba IPO alibaba ipo date alibaba ipo price Alibaba IPO valuation Alibaba IPO news Alibaba IPO yahoo Alibaba IPO prospectus Alibaba IPO update Alibaba IPO offer price
Hot Trends
-
Cory Asbury Apologizes to Forrest Frank, Emphasizes Grace and Growth Amid Viral Song Trend
-
Forrest Frank & Crowder Release New Collab “The Rock”
-
Chris Rice Maintains Public Silence Following Abuse Allegations; Focuses on Writing and Speaking
-
Comedian John Crist Announces Engagement to Lydia Fielder
-
Here Are the Lyrics to Passion's "Follow"
-
What We Know About "American Idol" Winner Jamal Roberts' Faith
-
Critically Acclaimed SKETCH Now Available for Streaming
-
More Details About Andrae Crouch's Death Revealed; Stars and Family Respond to the Legend's Passing
-
Dante Bowe Criticized for Wearing Questionable Shirt on Instagram
-
The 56th Annual GMA Dove Awards Announces Second Round Of Performers And Presenters
-
The Grace Effect 2025 to Feature Gospel Powerhouses Jekalyn Carr, Joe Mettle, and More
-
Good Weather Forecast & Elijah Thomas Release High-Energy Pop Anthem “Today”
-
Worship
-
Switchfoot Releases Star-Studded "The Beautiful Letdown (Our Version) [Deluxe Edition]"
-
Lysa TerKeurst Remarries Two Years After Divorce
Most Popular
-
Cory Asbury Apologizes to Forrest Frank, Emphasizes Grace and Growth Amid Viral Song Trend
-
Forrest Frank & Crowder Release New Collab “The Rock”
-
Chris Rice Maintains Public Silence Following Abuse Allegations; Focuses on Writing and Speaking
-
Comedian John Crist Announces Engagement to Lydia Fielder
-
Here Are the Lyrics to Passion's "Follow"
-
What We Know About "American Idol" Winner Jamal Roberts' Faith
-
Critically Acclaimed SKETCH Now Available for Streaming
-
More Details About Andrae Crouch's Death Revealed; Stars and Family Respond to the Legend's Passing
-
Dante Bowe Criticized for Wearing Questionable Shirt on Instagram
-
The 56th Annual GMA Dove Awards Announces Second Round Of Performers And Presenters
-
The Grace Effect 2025 to Feature Gospel Powerhouses Jekalyn Carr, Joe Mettle, and More
-
Good Weather Forecast & Elijah Thomas Release High-Energy Pop Anthem “Today”
-
Worship
-
Switchfoot Releases Star-Studded "The Beautiful Letdown (Our Version) [Deluxe Edition]"
-
Lysa TerKeurst Remarries Two Years After Divorce