The Biggest Internet IPO Since 2000
Alibaba.com
The flagship company of Alibaba Group, Alibaba.com is an online business-to-business trading platform for small businesses. The company was founded by Jack Ma and 18 other people in 1999. Alibaba.com has four B2B marketplaces, and also offers a range of business management software, Internet infrastructure services and export-related services.
Alibaba.com was listed in the Hong Kong Stock Exchange at the IPO price of $ 1.5 billion in November 2007 with a market valuation of $7.8 billion. The offering price per share was $1.74 and the numbers of shares offered were 858.9 million.
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