From: CNN Breaking News
Date: 2014-09-19 06:24 AM
Subject: CNN Breaking News
Alibaba, the Chinese e-commerce giant, secured its place in history as the largest U.S.-listed initial public offering of all time.
Demand was strong for the mega IPO, which priced at $68 per share. At that price, the IPO raised $21.8 billion, the largest ever for a company listed on an American exchange.
Including the shares that underwriters have the option to purchase, Alibaba's IPO would raise $25 billion -- the biggest haul on record in the world.
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