Alibaba Group Said to Raise $21.8 Billion in Record U.S. IPO

Alibaba Group Holding Ltd. (BABA), the e-commerce company started in 1999 with $60,000 cobbled together by Jack Ma, today cemented its status as a symbol of China’s economic emergence by raising $21.8 billion in a U.S. initial public offering. The company and shareholders including Yahoo! Inc. (Y…

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Alibaba Group Said to Raise $21.8 Billion in Record U.S. IPO

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