Alibaba raises over $21 billion, making it the biggest IPO ever in the US

Charles Chan When Alibaba stopped trading its shares on Friday, the Chinese e-commerce company had officially logged the biggest Initial Public Offering (IPO) in US history, raising $ 21.8 billion in its first day on the New York Stock Exchange. The company's earnings give it a market capitalization of over $ 200 billion, "putting it among the 20 biggest companies by market cap in the US," the Wall Street Journal notes. Alibaba's IPO beat out record IPOs like Visa's Read more [...]

Alibaba Delivers on Biggest U.S. IPO With $21.8 billion Offering

Chinese e-commerce giant Alibaba Group will price its shares at $ 68 a piece, topping its initial expected range, and raising a total of $ 21.8 billion to make it the biggest U.S. initial public offering ever. The stock sale places the company in the ranks of the most valuable Internet companies with a market capitalization of $ 168 billion, exceeding industry standard bearers like Amazon and Twitter. It also puts an exclamation point on China’s rapid rise in the technology industry and Read more [...]