One word has been on the minds and lips of participants in the US listings market in recent months – and Alibaba, the Chinese ecommerce juggernaut, has not disappointed.
At $21.8bn, the company priced the largest US-listed initial public offering and the biggest technology or internet related flotation.
Yesterday, the company exercised an overallotment option, raising the proceeds to $25bn, making it the world’s largest listing.
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