Alibaba’s 2014 New York stock-market debut was the largest initial public offering at the time.
Alibaba raised about $21.8 billion when it listed on the New York Stock Exchange in September 2014. An over-allotment option later increased the offering to approximately $25 billion, making it the largest IPO then recorded.
Alibaba Group is a Chinese technology company whose businesses include online marketplaces, cloud computing, digital media, and logistics-related services. Its best-known platforms include Taobao and Tmall, which connect merchants with consumers in China and beyond.
The record was later surpassed by Saudi Aramco’s 2019 offering. Alibaba’s IPO is also distinct from a company’s market capitalization: the offering amount measures how much money was raised by selling shares, while market capitalization measures the value of all outstanding shares at a given price.