At US$25b, Alibaba IPO becomes the world's largest
Its banks boost deal size by selling American depositary shares
Tue, Sep 23, 2014 - 12:00 AM
[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...