Alibaba’s IPO Could Be the Biggest Ever, Report Says

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Chinese e-commerce giant Alibaba is considering offering more shares in its IPO, a move that could make its initial public offering the largest ever, according to a report.

The Wall Street Journal says no final deal has been made, but new shares could push the amount of the offering beyond the Agricultural Bank of China’s record $22.1 billion in Shanghai and Hong Kong in 2010. (Visa had the largest U.S.-based IPO with $19.7 billion that same year.)

Prior to the latest report, Alibaba was said to be pursuing an IPO in the $15 billion range, which is around the same figure Facebook sought to raise in its 2012 IPO. The offering is expected to hit in late summer. …

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Via: Mashable: Business

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