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April 25, 2014 08:10 pm GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/0yFGEuiYVA4/
Alibaba's IPO Could Be the Biggest Ever, Report Says
Chinese e-commerce giant Alibaba is considering offering more shares in its IPO, a move that could make its initial public offering the largest ever, according to a report.
The Wall Street Journal says no final deal has been made, but new shares could push the amount of the offering beyond the Agricultural Bank of China's record $22.1 billion in Shanghai and Hong Kong in 2010. (Visa had the largest U.S.-based IPO with $19.7 billion that same year.)
Prior to the latest report, Alibaba was said to be pursuing an IPO in the $15 billion range, which is around the same figure Facebook sought to raise in its 2012 IPO. The offering is expected to hit in late summer. Read more...
More about Yahoo, Alibaba, Ipos, and BusinessOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/0yFGEuiYVA4/
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