Alibaba parts with more shares to smash record for biggest ever IPO
Alibaba's initial public offering (IPO) now ranks as the biggest ever at $25bn (€19.5bn) after the Chinese ecommerce giant and some shareholders parted with additional shares yesterday following Friday's market debut.
Banks that underwrote the stock floation have earned more than $300m. The fees are equivalent to 1.2pc of the deal - with Alibaba paying $121.8m and shareholders selling stock as part of the deal another $178.6m, according to a filing with the US Securities and Exchange Commission on Monday.
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