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
-
Is Taylor Swift a Christian?
-
"American Idol" to Air Live Tribute to Mandisa
-
Beth Moore & Christine Caine Surround Dallas Hospital with Prayer During Priscilla Shirer's Lung Surgery
-
The Gaither Vocal Band Says Farewell to Two Members
-
The Booth Brother's Paul Lancaster's Wife Michelle Passes Away
-
GRAMMY-Award Winning Christian Artist Mandisa Passes Away
-
Here's the Story Behind Keith & Kristyn Getty's "Jesus Calms the Storm"
-
for King and Country's Luke Smallbone Undergoes Vocal Cord Surgery
-
Three of the Best Stories from the Late Ravi Zacharias
-
Hillsong Worship Former Leader Miriam Webster Gets Married
-
Franni Cash of We The Kingdom Gets Married Today
-
Joy Williams Reveals the Real Reason Behind Civil War's Breakup
-
Keith Urban, Nicole Kidman & Family Spent Easter in Church
-
Celebrating Valentine's Day: Story Behind Steve Curtis Chapman's "I Will Be Here"
-
Aaron Cole Guides Listeners to a Journey of Spiritual Growth with "Sorry, I Changed"
Most Popular
-
Is Taylor Swift a Christian?
-
"American Idol" to Air Live Tribute to Mandisa
-
Beth Moore & Christine Caine Surround Dallas Hospital with Prayer During Priscilla Shirer's Lung Surgery
-
The Gaither Vocal Band Says Farewell to Two Members
-
The Booth Brother's Paul Lancaster's Wife Michelle Passes Away
-
GRAMMY-Award Winning Christian Artist Mandisa Passes Away
-
Here's the Story Behind Keith & Kristyn Getty's "Jesus Calms the Storm"
-
for King and Country's Luke Smallbone Undergoes Vocal Cord Surgery
-
Three of the Best Stories from the Late Ravi Zacharias
-
Hillsong Worship Former Leader Miriam Webster Gets Married
-
Franni Cash of We The Kingdom Gets Married Today
-
Joy Williams Reveals the Real Reason Behind Civil War's Breakup
-
Keith Urban, Nicole Kidman & Family Spent Easter in Church
-
Celebrating Valentine's Day: Story Behind Steve Curtis Chapman's "I Will Be Here"
-
Aaron Cole Guides Listeners to a Journey of Spiritual Growth with "Sorry, I Changed"