tag:blogger.com,1999:blog-26981669.post4133675937147879189..comments2024-03-23T10:55:30.196-05:00Comments on Cold Fusion Guy: IPOs are the "shiny objects" of the investment worldJim Peethttp://www.blogger.com/profile/07649414726939918803noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-26981669.post-88610078002281030622014-09-23T10:58:09.679-05:002014-09-23T10:58:09.679-05:00Related: Alibaba becomes world’s largest IPO, but ...Related: <a href="http://www.siliconbeat.com/2014/09/22/alibaba-becomes-worlds-largest-ipo-but-stock-dives/" rel="nofollow">Alibaba becomes world’s largest IPO, but stock dives</a><br /><br /><i>It’s official: Alibaba is the world’s largest IPO.<br /><br />The title was pretty much in the bag on Friday, when the Chinese Internet juggernaut raised $21.8 billion in a blockbuster public debut, and was on its way to $25 billion after the New York Stock Exchange said the underwriting banks would sell additional shares. On Monday, the company announced that underwriters had indeed exercised the option to purchase an additional 48 million shares at the $68 IPO price, which sealed the deal: The largest IPO in history belongs to Alibaba, a China-based e-commerce giant that is often described as a combination of eBay and Amazon (but bigger).<br /><br />In raising $25 billion, Alibaba’s IPO surpassed the 2010 public offering from the Agricultural Bank of China, which raised $22.1 billion in its debut on the Hong Kong Stock Exchange. The previous top IPO in the U.S. was a $19.7 billion deal by Visa in 2008.</i>Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.com