Alibaba’s $25bn IPO ranks as world’s biggest - sportstextiles: Lea SportsTextiles

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Alibaba’s $25bn IPO ranks as world’s biggest

22/09/2014
China-based internet retail giant Alibaba has raised $25 billion in an initial public offering, the world’s largest after extra shares were sold on Friday.

It beats the previous record, $22.1 billion raised by Agricultural Bank of China Ltd in 2010.

Transactions on Alibaba’s sites totalled $248 billion last year.
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