Most Asian stock
indices are up.
Alibaba Group
Holding, an e-commerce company started with $ 60,000 in 1999, mobilized $ 2180
Cr through IPO (Intial Public Offer) in the US.
This is amazing
capital shift from the US investors to Chinese corporate!
** Alibaba Group’s
IPO raised US $ 2,180 cr in proceeds and ranked 3rd among the world’s largest
IPOs.
* *
Global IPO proceeds totalled US $ 16,710 cr, up 91.9% from the same
period last year, and surpassed the annual proceeds in 2013 (US$16,520 Cr)
* * Alibaba’s US $ 2,180 IPO is now the largest
IPO in the US stock exchanges, overtaking Visa Inc’s US $1,970 Cr IPO in 2008.
* * Total proceeds raised by IPO listings in the
US stock exchanges amounted to US $6,710 cr, a 103.7 % increase over a year
ago, and the highest year-to-date period since 2000 (US $ 8220 cr).
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