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
-
CCM Artists Call for Reform Amid Allegations Against Michael Tait: “Secrecy Always Destroys”
-
Michael Tait Accused of Watching Woman Raped During Newsboys Tour
-
TobyMac Accused of Dabbling with Satanic Occult
-
Newsboys Dropped From Label Amid Michael Tait Scandal
-
Michael Tait Faces Additional Allegations from 6 More Men, Including Two Minors
-
Former Mutemath Drummer Darren King Identifies Himself as a Victim of Michael Tait’s Alleged Misconduct
-
TAYA Leaves Hillsong Church
-
NEEDTOBREATHE Frontman Bear Rinehart Accused by Younger Brother Bo of Sexual Abuse
-
Nicole Serrano, Former Member of Red Rocks Worship & Vocalist for Chris Tomlin, Says She's a Lesbian
-
Newsboys' Michael Tait Joins Capital Chuch for their 37th Annual Easter Sunrise Service at the Lincoln Memorial
-
Landry Cantrell & Elenee Release 'sunshine & rainbows'
-
Kutless Returns with Powerful New EP "The Seventh Seal"
-
Kevin Max Explains Audio Adrenaline Departure in Open Letter (Read Here)
-
Here Are Lyrics to Passion's "The Lord Will Provide"
-
Bishop Thomas Tyrone Tribbett, Father of Gospel Artist Tye Tribbett, Passes Away
Most Popular
-
CCM Artists Call for Reform Amid Allegations Against Michael Tait: “Secrecy Always Destroys”
-
Michael Tait Accused of Watching Woman Raped During Newsboys Tour
-
TobyMac Accused of Dabbling with Satanic Occult
-
Newsboys Dropped From Label Amid Michael Tait Scandal
-
Michael Tait Faces Additional Allegations from 6 More Men, Including Two Minors
-
Former Mutemath Drummer Darren King Identifies Himself as a Victim of Michael Tait’s Alleged Misconduct
-
TAYA Leaves Hillsong Church
-
NEEDTOBREATHE Frontman Bear Rinehart Accused by Younger Brother Bo of Sexual Abuse
-
Nicole Serrano, Former Member of Red Rocks Worship & Vocalist for Chris Tomlin, Says She's a Lesbian
-
Newsboys' Michael Tait Joins Capital Chuch for their 37th Annual Easter Sunrise Service at the Lincoln Memorial
-
Landry Cantrell & Elenee Release 'sunshine & rainbows'
-
Kutless Returns with Powerful New EP "The Seventh Seal"
-
Kevin Max Explains Audio Adrenaline Departure in Open Letter (Read Here)
-
Here Are Lyrics to Passion's "The Lord Will Provide"
-
Bishop Thomas Tyrone Tribbett, Father of Gospel Artist Tye Tribbett, Passes Away
