Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Alibaba raises a whopping $25bn in its Wall Street debut
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Tech > Alibaba raises a whopping $25bn in its Wall Street debut
Tech

Alibaba raises a whopping $25bn in its Wall Street debut

Web Desk
By Web Desk Published September 20, 2014 1 Min Read
Share
SHARE

A buying frenzy sent Alibaba shares sharply higher yesterday as the Chinese online giant made its historic Wall Street trading debut.

In early trades after the record public share offering, Alibaba leapt from an opening price of $68 to nearly $100 and, while it dropped back, was still up some 38 per cent at $94.08 after 10 minutes.

By raising as much as $25 billion, Chinese online giant Alibaba is poised to break the record for the largest initial public offering (IPO) in history.

Priced at $68 a share, Alibaba has raised $21.7bn with the offering of 320 million shares.

If underwriters exercise the option for 48m additional shares, the amount would top $25bn, breaking the 2010 record set by China’s AgBank of $22.1bn.

Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

State Bank of Pakistan policy rate 2025

State Bank of Pakistan Maintains Policy Rate at 11%

India Pralay missile tests 2025

India Conducts Multiple Pralay Missile Tests 

Kamchatka earthquake

8.8 Magnitude Earthquake Strikes Kamchatka Peninsula Trigger Tsunami Warnings

Post Archives

More Popular from Photonews

Gilgit-Baltistan minister scuffle with flood victims
Gilgit - Baltistan

Gilgit-Baltistan Minister Faces Backlash Over Viral Scuffle with Flood Victims

3 Min Read
Gilgit-Baltistan floods 2025
Gilgit - Baltistan

Gilgit-Baltistan Faces Deadly Floods: Nine Killed, Rescue Efforts Intensify

3 Min Read
WhatsApp profile photo import
Tech

WhatsApp Tests Profile Photo Import from Facebook and Instagram

2 Min Read
TechTop News

China Proposes Global AI Cooperation Organization

Chinese Premier Li Qiang announced plans for a global AI cooperation organisation at the World Artificial…

July 26, 2025
Punjab

Pakistan Election Commission Disqualifies PTI Pubjab MPAs

On July 28, 2025, the Election Commission of Pakistan (ECP) disqualified two prominent lawmakers of the…

July 29, 2025
Business

PM Shehbaz Sharif Approves FBR Digital Ecosystem for Tax Reforms

Prime Minister Shehbaz Sharif approved a digital ecosystem for the Federal Board of Revenue (FBR) to…

July 26, 2025
Sports

Joe Root Climbs to Third in All-Time Test Run-Scorers, Surpasses Dravid and Kallis

Joe Root of England has climbed to third place on the all-time Test run-scorers list, surpassing…

July 25, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?