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
-
Crowder Undergoes Emergency Surgery Following Leg Injury
-
Maddi Jane Runs to the “Father’s House” with New Single
-
Recent Accident Inspires Forrest Frank’s New Single "Lemonade (feat. The Figs)"
-
Author and Adventurer JT Mestdagh Shares Inspiring Journey in New Edition of "No Bad Days"
-
Hillsong's Marty Sampson Finalizes His Decision to Leave Christianity in Tear-Filled Letter
-
Wanda Bell Launches LadyBellRadio.com 24/7 Gospel Music Platform
-
Hillsong's Marty Sampson's Startling Revelations About Brian Houston & His Own Marriage
-
Sherwin Gardner Earns Multiple Marlin Awards and Flashes Flow Masters Gospel Showcase
-
"Finished" by Caleb and John: A Soul-Stirring Anthem Celebrating Christ’s Complete Victory
-
Does God Exist? Hillsong's Marty Sampson Searches for Answers
-
Forrest Frank Turns Pain into Praise with New Single “Lemons Into Lemonade”
-
Hillsong Worship Former Leader Miriam Webster Gets Married
-
Joel Smallbone To Star In Upcoming Historical Epic "Young Washington"
-
Rick Pino Explains Why Testimonies, Spontaneous Worship & Radical Worship Make "Rend the Heavens" Unique
-
American-Idol Alum Ashley Hess Signs With Tribl Records
Most Popular
-
Crowder Undergoes Emergency Surgery Following Leg Injury
-
Maddi Jane Runs to the “Father’s House” with New Single
-
Recent Accident Inspires Forrest Frank’s New Single "Lemonade (feat. The Figs)"
-
Author and Adventurer JT Mestdagh Shares Inspiring Journey in New Edition of "No Bad Days"
-
Hillsong's Marty Sampson Finalizes His Decision to Leave Christianity in Tear-Filled Letter
-
Wanda Bell Launches LadyBellRadio.com 24/7 Gospel Music Platform
-
Hillsong's Marty Sampson's Startling Revelations About Brian Houston & His Own Marriage
-
Sherwin Gardner Earns Multiple Marlin Awards and Flashes Flow Masters Gospel Showcase
-
"Finished" by Caleb and John: A Soul-Stirring Anthem Celebrating Christ’s Complete Victory
-
Does God Exist? Hillsong's Marty Sampson Searches for Answers
-
Forrest Frank Turns Pain into Praise with New Single “Lemons Into Lemonade”
-
Hillsong Worship Former Leader Miriam Webster Gets Married
-
Joel Smallbone To Star In Upcoming Historical Epic "Young Washington"
-
Rick Pino Explains Why Testimonies, Spontaneous Worship & Radical Worship Make "Rend the Heavens" Unique
-
American-Idol Alum Ashley Hess Signs With Tribl Records