Alibaba says that its IPO may become the world’s biggest:
Shares in Alibaba’s IPO were priced at $68. The offering of 320.1 million shares, trading under the ticker symbol BABA, raised $21.77 billion, eclipsing the previous U.S. record set in 2008 when Visa raised nearly $17.9 billion. Underwriters have a 30-day option to buy up to about 48 million more shares. That means the offering size could be as much as $25 billion, which would make Alibaba’s the largest offering ever anywhere in the world.