Largest IPO ever for Alibaba | RetailDetail

Largest IPO ever for Alibaba

Largest IPO ever for Alibaba

It did not appear to turn out that way, but it has been done: Alibaba's IPO is now officially the largest IPO ever. The Chinese company managed to get the record through the sale of additional shares, released by the company and several shareholders.

48 million additional shares

 

The additional shares have bumped the total value of Alibaba's IPO to 25 billion dollars (20 billion euro). At first, 'only' 21.8 billion dollars (16.96 billion euro) in shares were sold, but the company quickly decided to trigger a clause to enable the sale of an additional 48 million shares.

 

That helped push the IPO's total value beyond the previous record, 22.1 billion dollars (17.2 billion euro). Agricultural Bank of China managed to set the record in 2010.

 

Several shareholders released additional shares, mainly Alibaba itself and shareholder Yahoo. Alibaba managed to gather another 1.8 billion dollars (1.4 billion euro), while Yahoo received another 1.2 billion dollars (950 million euro). Founder Jack Ma also sold another 2.7 million shares.

Questions or comments? Please feel free to contact the editors


Microsoft builds competitor for Amazon Go

14/06/2018

Microsoft is working on its own technology that should render checkouts in stores obsolete. The American company says it wants to be an ally for the retail sector, mostly in its struggle against Amazon Go.

Amazon bans customers who return too much

24/05/2018

Amazon is putting a stop to customers that return too many items or that “misbehave” according to the retailer: whoever crosses the line, will be banned. Dozens of customers have taken to social media to complain about this unilateral account removal.

LVMH invests millions in fashion search engine Lyst

24/05/2018

French luxury group LVMH, led by Bernard Arnault, will invest millions of dollars in Lyst once again. The luxury fashion search engine wants to expand its global expansion this way.

Amazon now delivers packages to car trunks

25/04/2018

From now on, Amazon delivers orders to the trunk of your car. The retail and technology giant has given its Prime subscribers access to get packaged delivered to the trunk of their car, without any additional costs. The service is currently limited to the United States.

Dutch Beate Uhse division not bankrupt after all

05/04/2018

German Beate Uhse’s Dutch subsidiary has not gone bankrupt after all and will continue its activities in both Belgium and the Netherlands. The company revealed the information itself after bankruptcy rumours surfaced.

Amazon often cheaper than Dutch competitors

03/04/2018

Products that are available on both Dutch web shops and Amazon.de, are cheaper at Amazon in about half the cases. Not only do Dutch stores compete with Amazon.de, which ships to the Netherlands, but there are also rumours that Amazon.nl and Amazon.be will soon become more active.