Staff of the Alibaba group celebrating as Alibaba stock goes live on the floor at the New York Stock Exchange, in the company's Hangzhou headquarters, Zhejiang province on Sept 19, 2014. Alibaba has reportedly become the biggest IPO in history after an additional 48 additional shares were sold - AFP Photo.
HONG KONG: Alibaba Group Holding Ltd and some of its shareholders have sold an additional 48 million shares, a source with direct knowledge of the deal said on Monday, making its IPO the biggest-ever globally at a value of US$25.03bil.
The move comes after the stock surged 38% in its debut on Friday as investors jostled for a piece of the e-commerce company.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
