Alibaba Group held the world’s largest IPO record after raising about US$25 billion in 2014.
Alibaba began trading on the New York Stock Exchange in September 2014. Its offering raised approximately US$21.8 billion at first, and underwriters later exercised an option that brought the total to about US$25 billion. The offering made Alibaba one of the world’s most valuable publicly traded technology companies.
Alibaba operates major e-commerce platforms including Taobao and Tmall, alongside businesses in cloud computing, logistics, digital payments through associated companies, and entertainment. Its model connects merchants with consumers rather than relying mainly on inventory owned by the company.
Saudi Aramco exceeded Alibaba’s IPO total in 2019. The comparison can be confusing because IPO rankings depend on whether overallotment shares are included and whether the figures are adjusted for inflation or converted between currencies.