Alibaba Group’s 2014 New York IPO made it one of the world’s largest companies by market capitalization.
Alibaba began trading on the New York Stock Exchange on September 19, 2014, under the ticker BABA. Its offering price was $68 per American depositary share, and the stock opened well above that price.
The IPO raised about $21.8 billion initially and roughly $25 billion after the overallotment option was exercised. The resulting valuation placed Alibaba among the largest publicly traded technology companies in the world.
Alibaba’s core businesses include online retail platforms such as Taobao and Tmall, but the group also operates Alibaba Cloud, logistics services, digital entertainment, and other ventures. Its market capitalization has changed substantially since the listing.