Alibaba.com hits gold as second-largest internet IPO ever

Chinese business-to-business sales web site Alibaba.com raised a staggering US$1.5 billion on its November 6 2007 initial public offering (IPO) in a transaction…

2 minute readNovember 02, 2007 at 12:58 AM

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Chinese business-to-business sales web site Alibaba.com raised a staggering US$1.5 billion on its November 6 2007 initial public offering (IPO) in a transaction said to be one of the largest IPOs ever by an internet company worldwide, second only to Google¡¦s 2004 US$1.66 billion debut.

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