Alibaba’s 2014 New York IPO raised about $25 billion, setting a record at the time.
Alibaba began trading on the New York Stock Exchange on September 19, 2014. Its offering raised about $21.8 billion initially, and the underwriters later exercised an overallotment option that brought the total to roughly $25 billion. It was the largest IPO in history at that time.
Alibaba Group operates major Chinese commerce platforms, including Taobao and Tmall, and has also developed businesses in cloud computing, logistics, digital media, and payments-related services. Its public listing gave international investors an important route into China’s internet economy.
The offering is sometimes compared with Saudi Aramco’s 2019 IPO. Saudi Aramco’s initial amount was similar, but the two deals used different structures, markets, and later share-sale adjustments.