Alibaba Fuels Triple-Digit Growth In IPO Proceeds

By | October 1, 2014

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The historic Alibaba Group IPO pushed the amount of all proceeds raised globally to $56 billion in the third quarter, up 197% from the $19 billion in Q3 2013, reports Renaissance Capital. Alibaba Group (BABA) raised $22 billion with its Sept. 19 offering on the New York Stock Exchange. Underwriters of the Alibaba IPO exercised their option to purchase an additional 48 million shares, from Alibaba and certain shareholders, raising the IPO’s total Scalper1 News

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