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At US$25b, Alibaba IPO becomes the world's largest

Its banks boost deal size by selling American depositary shares

[NEW YORK] Alibaba Group Holding's initial public offering became the biggest ever at US$25 billion, after bankers exercised an option to boost the deal size by 15 per cent on strong demand, a person familiar with the matter said. The underwriters exercised a so-called greenshoe option to sell