It’s Official: Alibaba Is The Biggest IPO Ever

See the original posting on TechCrunch

Alibaba Bell Ringing Alibaba has officially become the largest public offering in history, according to a report from Reuters. The IPO was always going to be a blockbuster, but thanks to high demand which rocketed the stock up another 38% after its $21.8 billion opening, underwriters exercised an option to sell another 48 million shares. The sale means that Alibaba raked in $25 billion in its public offering,… Read More