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An Investor and counsellor in Financial Market

Monday, September 22, 2014

Alibaba IPO ranks as world's biggest

Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares.
Overwhelming demand saw the IPO initially raise $21.8 billion and then send Alibaba's stock surging 38 percent in its debut on Friday. .
Under the option, Alibaba agreed to sell 26.1 million additional shares and  Yahoo Inc 18.3 million, netting the two companies an extra $1.8 billion and $1.2 billion respectively.
Alibaba's Jack Ma agreed to sell an extra 2.7 million shares and company co-founder Joe Tsai agreed to sell 902,782 additional shares, according to the prospectus.
Happy Hours for Yahoo and Alibaba Investors.....

CHEERS!!!

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