Business

Alibaba Raises $21.8 Billion in Initial Public Offering by Michael J. de la Merced

September 24, 2014

A pedestrian walks past Alibaba.com adveBy Michael J. de la Merced

The Alibaba Group, the Chinese Internet juggernaut, raised nearly $21.8 billion in its initial stock sale, as investors flocked to buy a piece of the company that is poised to continue dominating China’s burgeoning e-commerce industry.

Published: September 18, 2014 at 12:00AM

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