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. …
Via: Mashable: Business