Alibaba Group’s 2014 IPO on the New York Stock Exchange raised US$25 billion, then the largest IPO ever.
Alibaba priced its shares at US$68 each and began trading in New York on September 19, 2014. The offering raised approximately US$21.8 billion initially, and the underwriters later exercised an overallotment option that brought the total to about US$25 billion.
The Chinese company operates a broad digital-commerce ecosystem that has included online marketplaces, cloud computing, digital media, logistics, and payment-related services. Its scale made the public offering one of the most closely watched listings in global financial markets.
Alibaba’s IPO record was later surpassed by Saudi Aramco’s 2019 offering. Alibaba is also distinct from Amazon: both began with major online retail operations, but Alibaba’s original model centered more heavily on marketplace platforms connecting buyers and sellers rather than owning all the inventory.